Facebook now valued at $15 billion… yes, $15 billion
Facebook and Microsoft Corp. announced that the two companies would expand their advertising partnership and that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation. Under the expanded strategic alliance, Microsoft will be the exclusive third-party advertising platform partner for Facebook, and will begin to sell advertising for Facebook internationally in addition to the United States.
“We are pleased to take our Microsoft partnership to the next level,” said Owen Van Natta, chief revenue officer, Facebook. “This relationship will allow Facebook to continue to innovate and grow as a technology company, as well as bring relevant advertising to Facebook’s nearly 50 million active users.”
Here’s more coverage from the web: Techdirt, Business Week, Los Angeles Times, Download Squad, Tech Talk with Dean Takahashi, Geek Speaker, HipMojo.com, MarketingVOX, Joe Duck, Todd Watson, Bloggers Blog, Innovation in Software, Online Dating Insider, BloggingStocks, TechBlog, The Secret Diary of Steve Jobs, Nate Elliott, TechSpot News and VentureBeat
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[...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerpt welcome_3.gif Facebook and Microsoft Corp. announced that the two companies would expand their advertising partnership and that Microsoft will take a $240 million equity stake in Facebook’ … will be the exclusive third-party advertising platform partner for Facebook, and will begin to sell [...]
By Ghillie Suits » Facebook now valued at $15 billion… yes, $15 billion on October 24, 2007 11:19 pm
[...] unknown wrote an interesting post today onHere’s a quick excerptFacebook and Microsoft Corp. announced that the two companies would expand their advertising partnership and that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation. … [...]
By Web 2.0 - Social Media - Internet News - Blogging » Facebook now valued at $15 billion… yes, $15 billion on October 25, 2007 10:29 am
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