Microsoft (MSFT) news recap: tried to buy Facebook for $24 billion, raises British Pound prices for businesses and more

Jack Wilkinson

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Microsoft (MSFT) news recap is a weekly feature highlighting the top Microsoft news stories of the past week. Sit back, grab some coffee, and enjoy the read!

Steve Ballmer says Microsoft tried to buy Facebook for $24 billion

During an interview with CNBC, ex-CEO of Microsoft, Steve Ballmer, stated that Microsoft made an attempt to buy Facebook for $24 billion. The reason it didn’t go ahead? Mark Zuckerberg, founder of Facebook, declined the offer.

Steve Ballmer said:

Oh I think $24 billion when the company was itsy-bitsy and he said no. And I respect that.

Microsoft did, however, end up with a $240 million stake in Facebook when it was three-and-a-half years old when it was valued at $15 billion.

Microsoft raises British Pound prices for enterprise software by 13% and enterprise cloud by 22%

Following the Brexit vote, meaning the United Kingdom will leave the European Union, the British Pound (GBP) has slumped in value. As a result of this, businesses have been increasing prices for their products and services in the UK in order to negate any negative repercussions they may face. Following this trend, Microsoft is increasing prices for its business products and services sold in British Pounds by 13% for enterprise software and 22% for enterprise cloud services.

These changes follow an assessment that is conducted regularly on local pricing. The price increases will not affect consumers at this time.

Microsoft stock surges to a 17 year high in after hour trading following pleasant FY17 Q1 reporting

Following yet another set of positive cloud revenue numbers, increasing Xbox Live userbase and more Office 365 subscribers, Microsoft’s stock jumped to a 17-year high in after hour trading, which brought its per-share price over the $60 mark. Investors seem pleased with the results that CEO Satya Nadella is generating so far.

Microsoft teases October 26th Windows event with Microsoft Store countdown clock

Microsoft has begun teasing its Windows event in New York City that kicks off next week on October 26. The company has added a countdown to its Microsoft Store website, which reads “See what’s next”.

There is a new countdown on the Microsoft Store website.
There is a new countdown on the Microsoft Store website.

The company is expected to announce new devices, such as a Surface All-in-One, as well as accessories, like a new Surface keyboard, at the event. There’s also the chance of the Alcatel IDOL 4S for Windows 10 Mobile making an appearance, potentially with a release date.

Microsoft Earn to shut down on March 5th, 2017

Microsoft has announced that it is ending its Earn program on March 5th, 2017. In an unexpected move, Microsoft’s shopping rewards program, which allowed users to shop at their regular retailers to earn credits to spend at the Microsoft Store, will come to an end.

An image on its homepage shows the announcement:

Earn by Microsoft
Earn by Microsoft