Facebook Receives $240 Million for their Social Network

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Facebook Receives $240 Million for their Social Network
October 24, 2007What does Facebook do?

Facebook is a social network with a unique development platform.

VCU says:

Microsoft will take a $240 million stake in social network Facebook’s next financing round, and will expand the areas where it can sell Facebook advertising.

Redmond, Wash.-based Microsoft’s investment values Palo Alto-based Facebook at $15 billion. As part of the deal, Microsoft will sell advertising for Facebook outside the United States. Under previous deals, Microsoft didn’t sell ads internationally for Facebook.

Mountain View-based Google (NASDAQ: GOOG – News) lost out in the bidding in this deal.

Microsoft (NASDAQ: MSFT – News) already has a deal to sell banner ads on Facebook. That deal, signed last year, lasts until 2011.

See the Facebook.


Mark Zuckerberg



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    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

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