Lock up your datas? Microsoft buys a stake in Facebook.

Struggling with the changing desktop market and lagging behind Google on search and internet apps, today Microsoft forked out $240m (£117m) for a 1.6% stake in Facebook today. That values the hugely popular social networking site at $15bn (£7.3bn). Also to note is that Facebook had previously turned down an investment offer from Google; who are developing rival network Orkut. After Google beat Microsoft to the massively successful YouTube, i reckon the boys back at Redmond will be out for a few beers tonight.

Read more:
http://news.bbc.co.uk/1/hi/business/7061042.stm

15 reasons Facebook may be worth $15bn:
http://news.bbc.co.uk/1/hi/technology/7061398.stm

Author: kinsella

Strange Projects at Google

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