Posted AT 2:00 PM EDT on 06/11/07
Price not an issue in Facebook deal
If you snorted a little coffee out your nose when you read that Microsoft had paid $240-million (U.S.) for a 1.6-per-cent stake in Facebook, don't feel bad. Your reaction was probably shared by a lot of people — perhaps even most people — who haven't been following the rapidly climbing valuation of the social networking site.
A little more than a year ago Yahoo reportedly offered Harvard dropout Mark Zuckerberg $1-billion for control of the three-year-old company.
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