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Thursday, October 25, 2007

Microsoft Beats Google for Facebook Deal / WSJ

WSJ: 2007-10-24T16:48-04:00: Microsoft Inks Deal with Facebook

Wall Street Journal reports moments ago that Microsoft just agreed to invest $240 million for a minority stake at Facebook (Google). The companies have discussed a valuation for Facebook as high as $15 billion.

Google Vice President Tim Armstrong declined to comment on any Google discussions with Facebook.

User distribution for social networking sites by the end of 2007 - Research Data
Source: DataMonitor (Google)
  • 35% = Asian
  • 28% = Europe + Middle East +e Africa
  • 25% = North America
  • 12% = Caribbean


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