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Microsoft Buys Facebook Stake for $240M

malware

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#1
Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc. Under the expanded strategic alliance, Microsoft will be the exclusive third-party advertising platform partner for Facebook, and will begin to sell advertising for Facebook internationally in addition to the United States.


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Grimskull

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#2
Thats a hell of alot of money for a 1.6% share!!!!! Well done facebook.
 

freaksavior

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#3
wow, now there is no way i'll sing up for face book.
 
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#4
at least it isn't a controlling stake in the company, im am finding M$ website being filled with more and more clutter.
 
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#5
why would it buy a stake in Facebook? why? i see no logic in this
 
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#6
So many active users, facebook's the most organized and simplest foundation of the personal page sites, and the main users of facebook are still college students, who have mommy & daddy's money to spend on things they see advertised on facebook.
 

WarEagleAU

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#7
I guess Google wasnt stupid enough to buy 1.6% stock for that amount of money :(
 

panchoman

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#9
google's preety rich. they could easily afford it.
 
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#10
Hmm good point WarEagleAU. I was wondering about that a little myself when I first read the story. I know for a fact there's a huge "my cock is bigger" war b/t google & MS... I know personally a high up in MS who defected to Google after Google sued MS.
I do wonder why Google backed off... or actually, if they got the chance to bid again. Facebook had a previous deal with MS, so maybe somebody did some negotiating to seal the deal before Google had a chance to counter-offer.