Ever wonder what becomes of the jillions that Microsoft spends to buy far-flung companies?
Expensive houses, for one thing.
Check out the latest move by David Sacks, chief executive of Yammer, the San Francisco-based business social network that Microsoft bought for $1.2 billion in June.
Word surfaced this week that Sacks just bought a new house in San Francisco for $34.5 million – the most expensive home ever sold in the city, according to Trulia, the real estate site that reported the sale.
It’s going to cost Sacks even more to occupy the fixer-upper. The interior isn’t complete yet, with Trulia images showing bare studs throughout the structure.
The house has 17,500 square feet of living space – enough to really use the Xbox Kinect he can buy with his Microsoft employee discount. There’s also a 6,000 square foot guest house on the quarter-acre property in Pacific Heights.
Sacks – who was earlier chief operating officer at PayPal – is going to have to be careful about talking business in the yard. His new neighbors include Microsoft nemesis Larry Ellison.
But perhaps he can carpool when he needs to check in at Microsoft. Sacks’ house is right next to a $16 million pad acquired in August by Zynga founder Mark Pincus, who periodically flies to Seattle to visit his company’s engineering office in Pioneer Square. Pincus bought the gray Dutch Colonial at right in the Trulia picture above.
Trulia noted that Pincus’ wife, Alison Pincus, co-founded home decor site One Kings Lane. Maybe Sacks can get a discount to finish his place, shown here in another image from Trulia: