Evidence receipt / commitment
Published · transcript-backedBen Gilbert: commitment
22 Jul 2024 Acquired Microsoft Volume II
“We will. No dice. Instead they work out an investment and a commercial deal. The terms of the deal are in October 2007, Microsoft invests $240 million for 1.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 22 Jul 2024
- Publisher
- Acquired
- Episode
- Microsoft Volume II
Transcript context
…We’ll have to ask Mark about it in the Chase Center. We will. No dice. Instead they work out an investment and a commercial deal. The terms of the deal are in October 2007, Microsoft invests $240 million for 1. 6% of Facebook. For those trying to do the math at home, that is a $15 billion valuation on the deal. Microsoft will get the exclusive right to sell banner ads on Facebook internationally until 2011. Again, Microsoft cleverly is using this as a way to bootstrap the advertiser side of their marketplace now that they have all this inventory to sell. Now, it’s interesting to think about, much David like your comment about Alibaba, if Microsoft sold all of it at IPO, which I don’t think it did, that would be a 7x. That’s a pretty good growth investment in a few years. Not bad.…
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