SAN FRANCISCO AP - Facebook Inc. quickly concluded it wasn't worth anywhere near the $15 billion market value implied in a 2007 investment made by Microsoft Corp., according to confidential information obtained Wednesday from court documents.In a transcript of a June court hearing that was closed to the public, lawyers arguing over a legal settlement revealed Facebook's own appraisal had priced its privately held stock at $8.
February 12, 2009 at 12:00 AM
1 minute read
SAN FRANCISCO AP – Facebook Inc. quickly concluded it wasn’t worth anywhere near the $15 billion market value implied in a 2007 investment made by Microsoft Corp., according to confidential information obtained Wednesday from court documents.
In a transcript of a June court hearing that was closed to the public, lawyers arguing over a legal settlement revealed Facebook’s own appraisal had priced its privately held stock at $8.88 per share, giving it a market value of about $3.7 billion.
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