Din Microsoft manage to buy Facebook?

[titaniumhijau]

Just asking about this issue if some of you know about it. Did you know that Microsoft try t o buy Facebook? Did they manage to do that? Any news about that?

[cheer]

Where you hear or obtain the above news? I don't see the logic as Microsoft business nature is focusing on the developement like Visual developement tool, Microsoft office, ERP application and etc rather than NET oriented earning like banners, ads and etc. Please provide some concrete proofs from Microsoft on the above saying.

[titaniumhijau]

No need some concrete proof. Its rumors and many people already said at many forums. Microsoft try to buy Facebook. But they still cannot get any deal until today. BUt Microsoft still want to try..

[cheer]

Originally Posted by titaniumhijau

No need some concrete proof. Its rumors and many people already said at many forums. Microsoft try to buy Facebook. But they still cannot get any deal until today. BUt Microsoft still want to try..

If this is rumour, how do you know Microsoft is trying? People say doesn't tell you this is real picture unless you have the concrete proof. So, I am still waiting for the concrete proof.

[buaya]

Guys, lastest news. The hong kong tycoon, Li Ka shing, buy a stake at facebook. Even the old man think that facebook has some future.

Link to article: Li Ka-shing foundation buys Facebook stake: source | Technology | Reuters

Li Ka-shing foundation buys Facebook stake
Mon Dec 3, 2007 8:32pm
By Eric Auchard

SAN FRANCISCO (Reuters) - Online social network Facebook.com has closed a $60 million investment by Li Ka-shing through the billionaire Hong Kong tycoon's foundation, a source familiar with the deal confirmed on Monday.

The source said the deal, which values Facebook on the same $15 billion terms as the stake Microsoft Corp took in the fast-growing social network site in October, involves an investment by the Li Ka Shing Foundation.

Li-backed companies such as Hutchison Whampoa Ltd and TOM Group were not involved, the source said.

The stake gives Li a 0.4 percent share of Facebook. Microsoft's holdings represent another 1.6 percent.

The All Things Digital blog, owned by Wall Street Journal publisher Dow Jones & Co, reported the deal on Friday.

A Facebook spokesman declined to comment. Spokesmen for Hutchison and Li's foundation also declined to comment.

Earlier on Monday, TOM denied it had invested in Facebook after reports of the investment by Li, TOM's major shareholder, helped push its shares 48 percent higher in Hong Kong.

"There is speculation that Li's investment could translate into closer ties or a partnership between TOM and Facebook," an analyst with a U.S. investment bank said of TOM's leap. "But I believe it's too early to talk about any co-operations."

Founded in 1980, the Li Ka Shing Foundation has focused on funding a variety of health, education and environmental projects in recent years.

But it also has taken stakes in various Internet projects, including a $45 million investment in May in Joost, the Internet television site founded by the co-founders of Skype.

Facebook opened the investment round to a variety of partners but only Microsoft and Li's foundation have participated, the source said.

Providence Equity Partners LLC, a $21 billion media-focused private equity firm, looked at joining the latest round but walked away, said a second source familiar with those negotiations, citing the high valuation Facebook had sought.

In October, Microsoft announced its $240 million investment that valued Facebook at $15 billion. Facebook also agreed to let Microsoft buy an additional $260 million worth of shares should Facebook seek further capital.

In prior rounds dating back to 2004, Facebook has taken about $40.7 million from venture capital investors including PayPal co-founder and former CEO Peter Thiel along with Accel Partners, Greylock Partners and Meritech Capital Partners.

(Additional reporting by Vinicy Chan in Hong Kong and Michael Flaherty and Tiffany Wu in New York; Editing by Braden Reddall)

[cipanus]

thanks for the update there buaya..
facebook should have a huge potential in the future i supposed with their genius idea..
unfortunately i still not create account there at facebook..
too many networking sites nowaday and i just stick to those i familiar with only
hehe..

[cheer]

Originally Posted by buaya

Guys, lastest news. The hong kong tycoon, Li Ka shing, buy a stake at facebook. Even the old man think that facebook has some future.

Link to article: Li Ka-shing foundation buys Facebook stake: source | Technology | Reuters

It seem a good news for FaceBook to shoot up in very soon. I see Li Kha Sing later will listed this in HK stock market and ShangHai A share soon.

[cipanus]

if i not mistaken, facebook have a new name called netlog, rite?
correct me if im wrong and there were a new facebook exist and the layout kinda same with myspace..

[titaniumhijau]

netlog? really? When i search for netlog.com, its looks like different..

[cipanus]

Originally Posted by titaniumhijau

netlog? really? When i search for netlog.com, its looks like different..

i dont really know though coz i juz heard it from my friend and yes, she do said that..
i dont really care the update since i dont have any account in facebook..and maybe after being sold, the layout quite different from the original, rite??