Microsoft Beats Out Google For Facebook Stake
October 25, 2007
Microsoft purchases a 1.6-per-cent stake in Facebook, Inc. for $240-million, beating out bids from a list of competitors that included Google. The deal pegged the value of Facebook at $15-billion. Really? Facebook is worth $15B? The BBC thinks so. The deal also gives Microsoft exclusive rights to act as ad seller on Facebook using Microsoft software internationally, and expands the original U.S. advertising partnership the that was created in August, 2006. Read More About It Here.
Read More: $20M Is Up For Grabs And A QuestionÂ
October 25, 2007 at 12:11 pm
[...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerptMicrosoft purchases a 1.6-per-cent stake in Facebook, Inc. for $240-million, beating out bids from a list of competitors that included Google. The deal pegged the value of Facebook at $15-billion. Really? Facebook is worth $15B? The BBC thinks so . The deal also gives Microsoft exclusive rights to act as ad seller on Facebook using Microsoft software internationally, and expands the original U.S. advertising partnership the that was created in August, 2006. Read More Here [...]