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Monday, October 6, 
10:58 am

[Posted on May 7, 2008 - 5:59 PM]

Shortly after Microsoft Corp. [MSFT] chairman Bill Gates told reporters in Tokyo that the software giant was done pursuing Yahoo! Inc. [YHOO] or any other Internet media company, a new report has surfaced that it is putting out feelers to Facebook Inc.

Microsoft last year made a $240 million investment in Facebook, which brought it a 1.6% stake in the social networking site. According to the latest reports, Microsoft's bankers put out "subtle signals" to see if Facebook might be interested in being acquired, but that no active talks between the two companies were underway. -- Andrea Orr

See May 7 post from WSJ.com
See October 2007 story from Tech Confidential

 

Comments
From: Elvin Lee,

I would assume that it was $240M for that stake and not $240!

Posted on: May 7, 2008 6:41 PM


From: Alain ,

Thanks for catching that, Elvin. Corrected.

Alain
Tech Confidential

Posted on: May 7, 2008 7:32 PM


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