Zuckerberg counter-offered instead.
If you thought turning down a $1 billion offer from Yahoo! was crazy on Mark Zuckerberg’s part, well he is even crazier than that. At the ‘How to get acquired’ press conference at the Le Web in Paris, Microsoft revealed that it had tried to buy Facebook for $15 billion in 2007. Needless to say, the offer was rejected outright.
According to Microsoft’s Senior Director of Strategy and Acquisitions, Fritz Lanman, the Redmond-giant thought that the two companies were similar, while not explaining how, which made Steve Ballmer approach Zuckerberg with the $15 billion deal. Reportedly, in reply to Microsoft’s offer, Zuckerberg had said “Why don’t we just buy you for $15 billion?”
When that didn’t work out, Microsoft invested $240 million into Facebook, which now sees search results generated using Bing.
Zuckerberg’s rejection made sense; Facebook is now immensely powerful and could rival the likes of Google in terms of providing marketers with the precise information they need. However, what the future holds for Facebook is unknown. After all, what Facebook did to MySpace, another such project could do the same to it as well.