Thursday, October 25, 2007

Microsoft and Facebook

Microsoft late yesterday entered a deal to solidify their alliance with social networking site Facebook. The deal, worth $240 million will give Microsoft Corporation a 1.6 percent stake in Facebook. This latest move also leverages Microsoft's drive to increase revenues in Internet advertising as its main rival Google Inc expand its dominance of web-based market. Microsoft's online ad revenue stands at $1.84 billion compared to Google's recent ad revenue of $13.3 billion. More

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