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Thursday, October 25, 2007

Microsoft injects cash into Facebook

It's been talked about for a while now and it's finally official, Microsoft and Facebook have announced that Microsoft will make a $240 million investment. The investment is part of a new round of financing that puts the value of Facebook at a whopping $15 Billion! The deal means that "Microsoft will begin selling ads for Facebook outside of the US and will become the site's exclusive ad provider in the US." according to ars technica.