Microsoft Takes $240 M Stake in Facebook
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BREAKING NEWS - This afternoon, Microsoft won the apparent battle for an equity stake in social networking applications provider Facebook, making a $240 million equity investment in the company. In exchange, Microsoft will become the exclusive third-party supplier of Facebook's advertising platform.
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Facebook will sell a $240 million minority stake to Microsoft, which as part of the deal will also expand the advertising services it provides to the social networking phenom, the companies said Wednesday in a statement.
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Microsoft will take a 240-million-dollar stake in the wildly popular social-networking website Facebook as part of an expansion of the strategic alliance of the two firms, the companies said Wednesday.
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"Enterprise search is becoming an indispensable tool to businesses of all sizes, helping people find, use and share critical business information quickly"  Microsoft Corp. bid $1.2 billion for the Norwegian search engine company Fast Search &amp; Transfer ASA on Tuesday as it seeks to help companies trawl for information on the Internet.The offer of $2.97 per share, or 19 kroner, was 42 percent premium to the Norwegian company's recent average share price, and caused the stock to soar by nearly the same amount in early trading on the Oslo stock exchange. Fast's board unanimously recommended that shareholders accept the offer, a news release said. Read more
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A Microsoft Corp. spin-off on Tuesday  said it will take on Internet social networks MySpace.com and  Facebook.com, touting tools users can buy to craft  better-looking Web pages.
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Like watching your dad dance at the prom The Wall Street Journal says Microsoft is looking to acquire a stake in famed Web 2.0 social networking operation Facebook. Referencing unnamed sources "familiar with the matter", the finance writers suggested Redmond might take five per cent of Facebook for "roughly $300m to $500m".â¦
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Microsoft's overture toward Facebook may be a prelude to an IPO.
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Setting the stage for a possible bidding battle, Microsoft Corp. is mulling an investment in Facebook Inc. that would value the rapidly growing online hangout at $10 billion or more, according to a report published Monday
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InfoWorld - Facebook will sell a $240 million minority stake to Microsoft, which as part of the deal will also expand the advertising services it provides to the social networking phenom, the companies said Wednesday in a statement.
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The firm is poised to buy a 5% share in the popular social networking website, according to reports.
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Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc.
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Google shall not pass It was the worst-kept secret in the internet industry, but today Microsoft proved all the rumor-mongers right by confirming that it is taking a stake in Facebook, and shutting Google out of the social networking website.â¦
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(InfoWorld) - Microsoft Corp. will invest in Chinese electronics maker Sichuan Changhong Electric Co. Ltd. as part of a project to link televisions and consumer entertainment devices with the Internet. Microsoft China agreed to buy 15 million newly issued Changhong shares at a price of 6.27 renminbi per share, according to a Changhong filing (in Chinese) with the Shanghai Stock Exchange. Microsoft's planned stake in the company is worth 94.1 million renminbi (US$12.3 million). Changhong's announcement follows an agreement between the two companies, signed Friday, to cooperate on a project called Media Galaxy. The goal is to develop, manufacture, and sell televisions, computers and digital entertainment products that connect to the Internet, Changhong said. It did not offer further details. Terms of the investment deal require Microsoft to hold on to its Changhong shares for at least three years.
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Microsoft Corp  beat out Google  Inc  on Wednesday in a battle to invest in socializing  Web site Facebook, agreeing to pay $240 million for a 1.6  percent stake in the Web phenomenon.
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These days, numbers just seem to blur together. Microsoft is thinking about paying $500 million for 5 percent of Facebook, which would make that company worth $10 billion. VMware, in which parent company EMC recently sold a stake to the public, is currently valued at $30 billion (that's just for VMware, not the whole of EMC).
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Social networking site Facebook has bought internet start-up Parakey.
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Rich Zygler asks in one of his recent blog posts, if Microsoft purchasing a 240 million dollar chunk of Facebook is a good thing for the language it's written in - PHP.   Microsoft is buying a piece of Facebook. What do we all think this means for PHP since Facebook is one of the "web 2.0" leaders built on PHP? The way I see it, [there] are [six] options.   Among the possible outcomes he lists are things like Microsoft rewriting the site, Facebook continues as it is or (next to impossible) Microsoft sees the error of its ways and fully embraces open source.