Thursday, October 25, 2007

Microsoft wins over Google in the Facebook deal

by Gavin O'Malley
Microsoft will invest $240 million for a 1.6% stake in Facebook (valued at $15B)--a deal that values the hot social network at a staggering $15 billion. Beating out Google on Wednesday, Microsoft also won exclusive global rights to sell third-party banner ads on Facebook.

Digestif NEEDS a drink
Oh my. Well it's no longer speculation. $15B. A big number.

As I said in my previous post, lets see how it pans out before we start asking for ticker tape parades.

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