The ink’s barely dry on the deal but Microsoft is already defending its $240-million investment in Facebook. Here’s what Steve Ballmer had to say at a conference in Mumbai:
“We didn’t make a mistake….,The valuation of Facebook is still to be determined. Certainly today, it’s very, very popular. So for a company like ours that wants to be a pre-eminent presence in this space, it’s very important for us…..Will Facebook be worth $5 billion, $15 billion or $50 billion some years down the line is really up to their team and how they take it forward.”
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