Microsoft Scoops Up $240 Million Stake in $15 Billion Facebook, Google Weeps

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Late Wednesday, Microsoft announced it has taken a $240 million equity stake in Facebook, recently valued at $15 billion. As part of the deal, Microsoft will increase the scope of its existing ad sales agreement with Facebook. So it seems Microsoft is back in the online ad game. That is until Facebook flames out from hype and overexposure.

by Steve Hall    Oct-24-07   Click to Comment   
Topic: Brands, Online   

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Comments

I find it highly humorous that we seem to be doing 1998 - 2001 all over again and it's the same culprits. Whatever happend to Broadcast.com other then Marc Cuban getting rich? How well did Excite make out on the purchase of Blue Nile for over $430MM. As far as I remember those purchases didn't do to well, and Yahoo missed badly on not buying Ebay. Facebook and some of the other Social networks are fun, but is anyone going there to buy anything? Enjoy it now, but stand back when it all comes crashing down (again)

Posted by: Paul on October 25, 2007 2:46 PM







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