Stories by TM Arun Kumar

Microsoft awaits $US250 million windfall from Facebook IPO

Microsoft is all set to get a $US250 million windfall when it sells 20 percent of its estimated 1.8 per cent stake in Facebook in the forthcoming initial public offering (IPO) of the social networking giant. At the higher end of the proposed $US34-$US38 per share price band for the IPO, Microsoft's entire stake in Facebook would be valued at about $US1.25 billion.