Microsoft Buys Stake in Facebook
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The investment ends two months of jockeying among Microsoft, Google and Yahoo for the right to invest in and forge close ties with the fast-growing social networking Web site.
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SAN FRANCISCO - 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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Facebook Inc., the fast growing  Silicon Valley social networking site, said on Thursday it has  acquired Internet start-up, Parakey, run by two of the  co-creators of the popular Web browser, Mozilla Firefox.
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The two companies confirm their partnership, with Microsoft taking a $240 million stake in Facebook as well as gaining the right to sell ads for Facebook internationally.
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The price tag for Facebook, the second-largest social-networking Web site, just keeps rising. But what does that mean for MySpace, which is the No. 1? Microsoft and others are said to be considering a minority investment in Facebook that would value the three-year-old company at more than $10 billion. At least one analyst, Vijay Jayant of [...].
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Microsoft Corp is in talks to buy up to 5 percent of Facebook in a deal that could value the fast-growing online social network company at $10 billion or more, the Wall Street Journal reported on Monday.
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Social networking site Facebook has acquired Parakey Inc., a start-up run by the founders of the Firefox Web browser project, with the goal of entering the business of Web-based operating systems.
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Microsoft yesterday announced a $240 million deal with Facebook, giving the technology giant a minority stake in the popular social networking site and the exclusive rights to sell worldwide advertisements that target Facebook's 50 million members.
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Microsoft Corp. has  agreed to pay 94 million yuan ($12.3 million) for a stake in  Sichuan Changhong Electric Co., a major maker of televisions  and electrical appliances, the Chinese company said on Monday.
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Microsoft's $240 million investment is much smaller than the rumored $750 million that Facebook sought. Why the difference? Epicenter's Terrence Russell analyzes the deal.
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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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Microsoft is rumored to be interested in investing in Facebook, in a deal that would value the social network at $10 billion or more. Just what else could you buy with $10 billion? It's the GDP of Bolivia, for starters.
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Microsoft (Nasdaq: MSFT) co-founder Bill Gates has agreed to join the board of directors at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.
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Social networking site, Facebook, believed to be in negotiations with Microsoft.
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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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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.