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The Smartest Bet Steve Ballmer Ever Made (FB, MSFT)

Microsoft CEO Steve Ballmer gets a lot of criticism, some deserved, some not. But he made at least one decision that now looks to be pure genius. Back in 2006, Microsoft took a $240 million stake in Facebook. It also gave Facebook an implied value of $15 billion, which made a lot of people laugh at the time. Who's laughing now? Later this month, Microsoft will sell 6.56 million shares of Facebook as part of the company's IPO.
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