Microsoft Buys Facebook Stake For $240 Million

If you’ve been wondering what big company would be the highest bidder to buy a stake in Facebook would be, the winner goes to Microsoft. They have purchased a 1.6 percent stake in the company for $240 million dollars.

Zuckerberg, 23, has indicated he would like to hold off on an initial public offering for at least two more years. In the meantime, Facebook hopes to become an advertising magnet by substantially increasing its current audience of nearly 50 million active users, who connect with friends on the site through messaging, photo-sharing and other tools.

The Facebook investment represents a coup for Microsoft because it provides the world’s largest software maker with a toehold on one of the Internet’s hottest platforms and a potentially lucrative forum for selling online ads.

What are your thoughts on this acquisition by Microsoft? A good or bad move by them?

Yahoo News

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