Microsoft buys Facebook stake for $240M (AP) / Friday, November 21, 2008

Microsoft buys Facebook stake for $240M (AP)

October 25, 2007

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Facebook.com's mastermind, Mark Zuckerberg smiles at his office in Palo Alto, Calif. in this Feb. 5, 2007 file photo. Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc. The deal announced on Wednesday, Oct. 24, 2007 after several weeks of negotiation values Palo Alto-based Facebook at $15 billion В— less than four years after Zuckerberg started the online social networking site in his Harvard University dorm room. (AP Photo/Paul Sakuma, file)AP - Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc.