Acquisitions

Microsoft is being successful lately: its Internet shares rose from $31.25 to $31.47, it knows how to approach other developers and create crucial, beneficial relationships. Whereas Google co-founder Sergey Brin stated for Yahoo! News Google doesn't need to acquaint every stronger company on the Internet, Google's shares dropped to $675 from a higher $675.82. Maybe thanks to Brin's friendly statement, it was Microsoft, who triumphed in the last task. On Wednesday, October 24, after many weeks of negotiations, Facebook founder Mark Zuckenberg decided to sell a 1.6% stake to Microsoft for $240 million. The estimate value of Facebook is $15 billion which is a stunning price for now a 4-year-old project started out of boredom by a regular Harvard graduate. Kevin Johnson, the president of Microsoft, put it in his own words; he believes this deal is a strong statement of confidence in this partnership and in Facebook. Zuckenberg's acceptance surprised the public;, the most recent offer to share a stake of Facebook (for $1 billion by Yahoo) has been rejected. Zuzkenberg also said for MSNBC that he'd like to spend at least the next two years without sealing any more acquaintances. He said he was not comfortable with the idea of cooperating with Google & because Google was not being secretive about its future plans: to build a social network on its own. Facebook's major rival, MySpace, has in comparison much more users, but Facebook is growing more rapidly. To support its growth, 400 more employees (to current 300) are planned to be hired. This deal also shows the world that Microsoft is becoming more understanding about the Internet of today.

related story: http://uk.news.yahoo.com/rtrs/20071024/tbs-uk-facebook-7318940_3.html

by Barbie Kunkelova for PocketNews (http://pocketnews.tv)

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