Microsoft (MSFT) Gets Facebook Deal, Pushes Out Google

October 24, 2007 by Douglas A. McIntyre

According to The Wall Street Journal, Microsoft (MSFT) agreed to invest $240 million for a minority stake in Facebook Inc. that values the social-networking site at $15 billion. As part of the deal, the two companies expanded their advertising agreement.

Accounts of the transaction say that it will focus on international expansion of the social network.

Douglas A. McIntyre