Microsoft Beats Google In Battle To Invest In Facebook
Microsoft has payed $240 million for 1.6 percent stake of the social-networking website Facebook, that is valued at $15 billion..
The deal grants Microsoft exclusive access to
spam advertise on Facebook’s platform.
Microsoft already has numerous U.S. ad contracts and is now looking forward to sell internationally.
Kevin Johnson, president of the Platforms & Services Division at Microsoft, said in a statement:
“Making this investment and expanding this partnership will position Microsoft and Facebook to better take advantage of advertising opportunities around the world,”
This agreement comes after Yahoo ,Google and Microsoft all tried to seduce Mark Zuckerberg,founder of the website.Lucky bastard.*Sponsored Links*