Microsoft to Pay $240 Million for Stake in Facebook
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Microsoft prevailed in a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart.
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The Wall Street Journal reports that Microsoft may take a stake of up to $500 million in social network, which could push valuation toward the $10 billion mark.
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SBC Communications  will pay Microsoft Corp.  at least &#36;400 million over 10 years for technology to help SBC sell video services over its upgraded broadband lines, the companies said Wednesday.
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Gets international advertising rights 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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Facebook will sell Microsoft a $240 million minority stake.
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Microsoft Corp  has bid 19 crowns  per share for Norwegian Internet search software firm Fast  Search & Transfer , valuing the company at about $1.2  billion, the companies said on Tuesday.
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US software giant Microsoft said on Tuesday it would offer to buy the Norwegian Internet search company Fast Search and Transfer for 1.2 billion dollars (836 million euros).
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Facebook and Microsoft Corp on  Wednesday said the world's largest software maker will become  the exclusive provider of banner advertising and sponsored  links on the social networking Web site as part of a strategic  alliance.
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Software dinosaur Microsoft paid millions for a tiny piece of trendy internet property Facebook. But the company needs something to make it hot again
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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.
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U.S. software giant Microsoft   said on Tuesday it would bid 19 crowns per share for Norwegian  Internet search software firm Fast Search & Transfer ,  valuing the company at about $1.2 billion.
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Microsoft Corp.  has agreed to pay 94 million yuan ($12.3 million) for a stake in Sichuan Changhong Electric Co.  and will form a cooperative alliance with the TV and electrical appliance maker, the Chinese company said on Monday.
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As CNET News.com reported earlier today, the Redmond tech giant has taken a $240 million stake in the red-hot social network.
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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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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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Like rival lovers, Google and Microsoft are intensely courting Facebook as the social-networking upstart picks petals off a flower -- &quot;she loves me, she loves me not&quot; -- and tries to decide which of the two will be allowed to buy a minority stake in the company, according to press reports.The Wall Street Journal and The New York Post reported Wednesday that Facebook will likely make a decision within a day or two, and that the chosen company will also get a deal to provide ads for the social network&#39;s sites outside of the U.S.Google, Facebook, and Microsoft all declined to comment when contacted by IDG News Service.Founded in 2004, Facebook&#39;s popularity has skyrocketed during the past year or so. Its user ranks have increased to about 47 million active users today from 12 million in December. More than half of its active members return to the site daily.As such, it is perceived as an attractive vehicle for online advertising, although some industry experts question how effective social-networking sites are for advertisers.In a social-networking site, particularly one as restricted as Facebook, people mostly visit the pages of their acquaintances, to see their latest comments, photos, and videos.For Facebook, MySpace, and other social sites like YouTube and Flickr, it&#39;s still unclear whether enough advertisers will feel comfortable running their ads on pages with potentially objectionable material whose creation is largely unregulated and created by millions of individuals.Facebook will likely share ideas for revving up its advertising business on Nov. 6, when it holds an event in New York to which it has invited what it calls &quot;its closest advertisers.&quot;&quot;As part of [the event], Facebook executives will discuss new approaches for advertising online,&quot; a Facebook spokeswoman said. &quot;We are not sharing any further details.&quot;In addition to the advertising questions, Facebook, MySpace, and others are in the crosshairs of law enforcement agencies in the U.S. and abroad because sexual predators use social-networking sites to stalk and victimize people, in particular minors.Still, Facebook is the Internet company with the loudest buzz now, and the anonymous sources for the Journal and the Post articles suggest that the price of the minority stake in play gives Facebook a total valuation of between $10 billion and $15 billion.Both newspapers reported that in addition to Google or Microsoft, other investors might be involved in the acquisition of the ownership stake.The Journal first reported Google&#39;s and Microsoft&#39;s pursuit of the Facebook investment a month ago.
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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.