Microsoft invests $240 million in Facebook

Microsoft invests $240 million in Facebook at a $15 billion dollar valuation, giving them 1.6 % of the company. In addition Microsoft secured the right to sell advertising in non-US market on behalf of Facebook. I'm going to write more about this if time permits, but one way to think of the investment is as a advance against advertising to be sold with an option on equity appreciation.

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Om inte Microsoft börjar spela hardball på allvar efter det här så är det bara att inse att Eric Schmidt med flera håller på att betala tillbaka för att Microsoft vann matcherna under 1990-talet. Med råge.