Business

CEO: Facebook stock IPO 'highly unlikely'

Monday, January 14, 2008

The hot Internet social networking company Facebook probably won't try to go public this year.

In an interview that aired last night on CBS news program "60 Minutes", Facebook's Chief Executive Mark Zuckerberg it's highly unlikely the company will go public in 2008.

Microsoft Corp. paid 240 million dollars in October for a stake in Palo Alto-based Facebook, valuing the startup at 15 billion dollars.

(Copyright ©2014 by The Associated Press. All Rights Reserved.)

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