Sunday, July 20, 2008

Education

Facebook Friends Microsoft

October 25, 2007 12:56 PM ET | Alison Go | Permanent Link

It's official. Facebook is ridiculous. For just $240 million, Microsoft has secured a 1.6 percent stake (yes, there's a decimal point there) in the social networking site founded by Harvard dropout Mark Zuckerberg, the Harvard Crimson reports. That values the company at $15 billion and makes Zuckerberg, with his 20-percentstake, a $3 billion man. The deal ends a three-way fight over Facebook between the software giant and rivals Yahoo and Google and also blows away rumors that the Microsoft offer would value the company at a mere $10 billion. In other news, Zuckerberg has become the sexiest Harvard dropout since, well, Bill Gates.

Tags: Harvard University | Microsoft | Facebook | Ivy League

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About The Paper Trail

Being a college graduate and all, writer Alison Go is uniquely qualified to sift through thousands of student newspaper headlines every day to bring you the latest, most important, or just plain weirdest news from campuses across the country. Heard bigger news or a crazier story? Send tips to papertrail@usnews.com.

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