Microsoft buy a stake in Facebook

Date Posted - 25 Oct 2007 | Posted By - Jacqui Sanwell | Comments 0

Sadly Google lost out this time when Microsoft paid £117m for just a 1.6% stake in Facebook.

Taking advantage of the social networking site’s success, Microsoft will also sell internet ads for Facebook outside of the US as part of the deal.

This will help Facebook in its aim to become an advertising magnet for the current 50 million active users.

Full story here.

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