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Posts Tagged ‘Deal’

Facebook and Microsoft Expand Strategic Alliance

Posted by Yaser on October 25, 2007

Microsoft and Facebook Expand Business Connections Facebook News Release: Microsoft and Facebook Expand Their Alliance. Microsoft to take equity stake in Facebook; companies expand advertising deal to cover international markets.

This is really great news and it looks like Microsoft beat out Google in the negotiations to claim an ownership stake in Facebook!Facebook and Microsoft Corp. today announced that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation, and the companies will expand their existing advertising partnership. 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. Financial terms were not disclosed. Read the rest of this entry »

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