Google vs Microsoft battle for Facebook.
And the winner issss……
Microsoft….
Microsoft has finally won a battle against Google on the internet by securing a deal to buy 1.6% of Facebook for $240 million! Facebook is now totally valued at $15 billion!
San Francisco Chronicle has a really good article on this Microsoft victory, and truly worth a read.
An excerpt… The many faces of the Facebook deal Microsoft’s investment in Facebook gives the social-networking site a valuation of $15 billion. Mark Zuckerberg — a genius for rejecting earlier bids as high as $1 billion for the company. Rupert Murdoch an even bigger genius, for paying $580 million in 2005 for MySpace, a Facebook competitor with much bigger market share. Steve Ballmer and Bill Gates very happy, considering that the Microsoft duo had yet to beat Google on any significant Internet endeavor. Sergey Brin and Larry Page not so happy, because the Google billionaires had hoped to outbid Microsoft and cement their relationship with Facebook. Facebook users uneasy. Microsoft doesn’t have a great history of fostering Web 2.0 coolness.
That makes: 
Technorati Tags: facebook, deal, microsoft, google
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October 25th, 2007 at 7:55 pm
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