German Entrepreneurs Buying Stake In Facebook

Facebook is extending their reach with the Samwer brothers, German entrepreneurs that have bought into Facebook for an undisclosed sum.

“We are going to support the expansion of Facebook in Europe … We know the online space in Europe extremely well,” Samwer said in a telephone interview.

Samwer would not disclose the size of the investment, except that it was a “significant” amount, and less than the $240 million Microsoft paid for a 1.6 percent stake in Facebook in October, which valued the site at $15 billion.

“We think Facebook is, after Google (GOOG.O: Quote, Profile, Research), the most innovative company to have emerged in the last few years. We think it will be the phenomenon for the Internet that Windows was for the desktop,” Samwer said.

This just means that world gets a little smaller and Facebook gets that much larger..

Reuters

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