Facebook week: Microsoft buys part of Facebook and Ad deal (in secret investing round)
Posted by Admin @ October 26th, 2007 in Social Marketing
Kudos to Microsoft, which bought 1.6% of Facebook for about $240 million, valuing Facebook at about $15 billion. Microsoft will now also place ads on Facebook outside the US, in addition to their previous agreement for the US market. After our previous articles, there is really not much more we can say about it. For lengthy reports, read about it here or here.
Other interesting news is the appearance of Facebook on the Blackberry, from WebProNews. Facebook for Blackberry was introduced yesterday and is yet another step into mobile social networking.
UPDATE: Facebook has collected $500 million more from investors in the rest of what appears to be (in hindsight) a major investing round. The investors seem to get little more than a small part ownership in the social network, which has, rightly, led to doubts about this investment and the value of Facebook in the blogosphere.
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