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Bill Gates Buys Facebook

Posted by Shawn Collins on October 24th, 2007 | 4 Comments

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Microsoft will buy a 1.6 percent stake in Facebook and agreed to sell ads for Facebook overseas, according to Bloomberg.com.

The company will pay $240 million for the stake, valuing Palo Alto, California-based Facebook at $15 billion, said Adam Sohn, a director in Microsoft’s online services group.

Microsoft, the biggest software maker, is seeking to tap the surge of visitors and advertisers on social-networking sites. Microsoft already has an agreement to sell Facebook banner ads in the U.S. through 2011. By winning the exclusive international deal with Facebook, the owner of the second-most-popular social site, Microsoft also benefits from growing demand abroad.

Something tells me Google is not happy.

TechCrunch is live blogging the press conference.

  • Posted in Affiliate News
4 Comments
  1. On October 24 @ 5:24 pm Stefanie said

    i’m anxious to see how the industry will be in 2 years. it’s like battle of the sexes.

    reply to this comment
  2. On October 24 @ 6:26 pm Rick Lea said

    Looks like they still believe that display advertising is going to win over search, not!

    reply to this comment
  3. On March 26 @ 11:33 pm brazilman said

    Personally, I think technology always dictates marketing trends online so I think the thing to invest in is video advertising. I think the next big model will be a youtube with ads before the videos.

    reply to this comment
  1. On October 26 @ 12:49 pm Revenue’s Recap of the Week » RevenueToday posted

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