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The entry titled "Microsoft beats out Google with Facebook deal," and any of the comments about it.
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Home > Plugged In > Archives > 2007 > October > 24 > Entry
Microsoft beats out Google with Facebook deal
Putting smiles on the faces of Facebook investors and stickin’ it to Google at the same time, Microsoft said late Wednesday it has agreed to invest $240 million in the social-networking site, placing Facebook’s value at $15 billion.
Microsoft and Google had been courting the fast-growing site, which has about 49 million active members.
Microsoft also is expanding its advertising relationship with Facebook, making it the exclusive third-party ad partner and putting it in charge of selling international Facebook ads. That’s a big win, since 59 percent of Facebook users are outside the U.S.
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