AfterDawn: Tech news

Microsoft offered $15 billion for Facebook in 2007

Written by Andre Yoskowitz (Google+) @ 10 Dec 2010 19:03 User comments (7)

Microsoft offered $15 billion for Facebook in 2007 Fritz Lanman, Microsoft's senior director of corporate strategy and acquisitions, has confirmed today that the company unsuccessfully bid $15 billion for social networking giant Facebook in 2007, being rejected outright.
After being turned down, Microsoft instead purchased a small stake in the company for $240 million.

Added Lanman (via CW): "Yeah, we tried to acquire Facebook. Facebook had a lot of similarities to Microsoft back in the day."

The exec says he believes the company will one day be worth as much as Microsoft. Microsoft currently has a market cap of $233 billion, second only to Apple in the technology sector.

Facebook currently has an estimated value of $41 billion.

Both companies currently work together, with Facebook's search being powered by Microsoft's Bing search engine.

Previous Next  

7 user comments

110.12.2010 19:52

That's alot of 0's (zero's).... geez

210.12.2010 20:35

Because we needed more monopoly

314.12.2010 11:16

Lets not forget microsoft i belive largely own apple now so technically they have No1 spot and the No2.

414.12.2010 15:30

Facebook will hopefully fade into obscurity soon...It's as lame as having AOL for your ISP...lol


Just my $0.02,

dEwMe

516.12.2010 11:05

Originally posted by plazma247:
Lets not forget microsoft i belive largely own apple now so technically they have No1 spot and the No2.
Microsoft owns roughly 10% of Apple.

616.12.2010 13:36

Originally posted by robertmro:
Originally posted by plazma247:
Lets not forget microsoft i belive largely own apple now so technically they have No1 spot and the No2.
Microsoft owns roughly 10% of Apple.
Are you sure i was under the impression bill some way had the marjority share... hence the famouse re-introduction of jobs on stage with the 40 ft gates standing behind him introducing.. i was the impression this was made possible by gates having a majority share.

719.12.2010 12:43

Originally posted by dEwMe:
Facebook will hopefully fade into obscurity soon...It's as lame as having AOL for your ISP...lol

That is a sweeping statement with no reasoning behind it. It will probably fade some but into obscurity? Why? You need to continually make large mistakes. I only see FB making small mistakes. Selling to M$ that would have been a mistake. They would trash it for sure.

Comments have been disabled for this article.

News archive