Ballmer: Microsoft offered to buy Facebook for $24 billion in 2010
posted by Alan F. / Oct 22, 2016, 10:43 AM
There is a famous saying that goes "sometimes the best deals are the ones you never make." But that certainly doesn't apply to Microsoft's attempt to purchase Facebook back in 2010. The software giant's CEO at the time was Steve Ballmer, who is now known as the owner of the L.A. Clippers NBA franchise.
Ballmer was being interviewed on CNBC yesterday, and was reminiscing about Microsoft's $24 billion offer for Facebook six years ago. Facebook had not yet had its $100 billion IPO at the time, but was "growing like mad," according to Ballmer. He added that the offer from Microsoft was serious. The former top executive at Microsoft said that he respected Facebook founder Mark Zuckerberg's decision to turn it down.
Microsoft already owned 1.6% of Facebook when it tried to buy the entire company. According to data from Yahoo, Facebook currently has a market capitalization (share value multiplied by shares outstanding) of $379 billion, or nearly 16 times the value of Microsoft's bid. Zuckerberg is now listed as the fourth richest person in the world with a net worth valued at $56 billion.
source: CNBC via MSPoweruser
Posts: 1467; Member since: Oct 27, 2011
And they would have f**ked it up like they did Nokia and every other thing they try to do. Look how quickly Windows Phone died. RIP.
posted on Oct 22, 2016, 10:54 AM 17
Posts: 117; Member since: Aug 17, 2016
I was going to write that it was a shame they didn't then Facebook could die slowly like everything else MS get their hands on.
posted on Oct 22, 2016, 11:59 AM 7
Posts: 2277; Member since: Sep 21, 2012
I hope you say the same for Google. How many years did it take for them just to let users vote on comments and view them all on a thread? But even so, it's still inconvenient as it takes you to a new page to view them, and you can't tag whoever you're replying to on the actual app. And on Google Photos you can't restore multiple pictures anymore. And there are more products which Google messed up but I don't really care about them. Can't blame MS for everything, Nokia's own fault for keeping Symbian they were already the sinking ship. That being said, I hope
posted on Oct 22, 2016, 12:22 PM 3
Posts: 4063; Member since: Jul 23, 2013
Are you downs or something? Making minor software tweaks and sinking multi billion dollar companies are not even close to comparable. Almost every game studio MS has touched has been desecrated, every hardware thing they have attempted failed horribly and in the end, only their windows and office monopoly keeps floating and even that because it's a monopoly because it wasn't on merit that they did well with those (I'm looking at you Vista and Windows 8).
posted on Oct 22, 2016, 12:29 PM 1
Posts: 263; Member since: Aug 02, 2014
They would have screwed facebook upto now
posted on Oct 22, 2016, 10:59 AM 2
Posts: 4; Member since: Oct 03, 2016
I cant stand the sight of seing this dude at all. Most disgusting ceo ever. He is the one who destroyed Nokia.
posted on Oct 22, 2016, 11:37 AM 2
Posts: 12; Member since: Oct 17, 2016
Basically, a business transaction. Microsoft made an offer. Facebook declined. End of story. Spare me the "MS destroys everything it touches on" rhetoric. Nokia was in a slow death before they got some money from MS to keep the company afloat. Now they get a chance to come back because of that money and the luxury of time of learning the business trends prior to this comeback. They have MS to thank for if they get back to respectability in the current smartphone business.
posted on Oct 23, 2016, 8:21 AM 0
Posts: 469; Member since: Jul 15, 2014
No mate, Microsoft really is Death. I can not even count the number of things it's acquired and wasted. Zune, Skype, Nokia, the list is so long that I can't even understand their pathological need for destruction.
posted on Oct 23, 2016, 12:38 PM 1
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