Around the Net
Microsoft To Hold On To Facebook
- Bloomberg BusinessWeek, Monday, August 13, 2012 11:58 AM
Microsoft held 26.2 million Facebook shares equal to 1.7% after the initial public offering. The company supports Facebook with its Bing search engine. Bloomberg BusinessWeek points to regulatory filings that estimate the stake at a worth of $571.9 million. Microsoft will likely hang onto the stock, according to Bloomberg, which cites people in the know. Microsoft and big investors can start selling shares this week.
