Steve Ballmer says Microsoft tried to buy Facebook for $24 billion
Former Microsoft CEO Steve Ballmer told CNBC on Friday that he tried to buy Facebook when it was "itsy-bitsy" for $24 billion.
Ballmer left Microsoft in 2014 and is now the owner of the Los Angeles Clippers and an investor in Twitter.
Facebook fielded a lot of offers in its early days, and Microsoft's interest has been reported in David Kirkpatrick's 2010 book "The Facebook Effect."
"Microsoft [would] acquire a small stake in Facebook at a $15 billion valuation," Kirkpatrick said. "Then, Microsoft would have the option, every six months, to buy another 5 percent of Facebook. A complete takeover of the company would take 5 to 7 years."
When CNBC on Friday asked Ballmer how much Microsoft offered back then, he said, "Oh I think $24 billion when the company was itsy-bitsy and he said no. And I respect that."
Zuckerberg clearly made the right choice. He currently has a net worth of $57 billion and Facebook's market cap is $374 billion.
- Kiara Advani to David Beckham, the most searched people in India in 2023
- Kashmir to Switzerland and more – India’s 10 most searched travel destinations in 2023
- Five common symptoms of Stomach Cancer
- Consumer confidence stays stable in RBI survey across 19 major cities
- Covid virus can persist in lungs for up to two years: Study