Microsoft (MSFT) Won't Sell Its Facebook (FB) Once Lockup Expires
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Price: $385.10 +0.19%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +14.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +14.7%
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Microsoft (Nasdaq: MSFT) will likely be hanging on to their Facebook (NYSE: FB) stock after the IPO lock-up expires next week, according to Bloomberg citing people familiar with the matter.
Microsoft views the Facebook position as a strategic investment, versus a short-term money maker, the report said.
Microsoft owned 26.2 million Facebook shares as of the IPO, worth $568 million based on today's trading.
Microsoft views the Facebook position as a strategic investment, versus a short-term money maker, the report said.
Microsoft owned 26.2 million Facebook shares as of the IPO, worth $568 million based on today's trading.
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