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Microsoft invests $240M in Facebook, valuing startup at $15B
October 24, 2007 /
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 Wednesday after several weeks of negotiation values Palo Alto-based Facebook at $15 billion — less than four years after Mark Zuckerberg started the online social networking site in his Harvard University dorm room.
By MICHAEL LIEDTKE, AP Business Writer
Full Story: http://www.sfgate.com/cgi-bin/article.cgi?file=/n/a/2007/10/24/financial/f133636D02.DTL
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