Facebook, Inc. - Microsoft Purchased a 1.6% Share of Facebook
Time: Wednesday Oct 24, 2007
Place: Palo Alto, California, U.S.
Details: On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion. Microsoft's purchase included rights to place international advertisements.
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On This Day - 24 October
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