Submission + - Microsoft Wins Deal for Stake in Facebook (wsj.com) 1
MrCrassic writes: "It seems that Facebook will start to grow some Microsoft roots, as the company has just won a tight bid for a minority stake in Facebook. Part of the agreement indicates that Microsoft will have some control over advertisements posted on the social network. From the article:
What could this possibly mean for the future of Facebook? How closely will Microsoft hold what seems to be one of the fastest-growing social networks on the Internet, and what more could they contribute to it?"
The Microsoft agreement comes after intense lobbying by Microsoft and Google Inc. for Facebook's hand. In recent weeks executives including Microsoft Chief Executive Steve Ballmer have courted the three-year-old Palo Alto, Calif. company, which this year expects a profit of $30 million on revenue of $150 million, according to people familiar with the company.
What could this possibly mean for the future of Facebook? How closely will Microsoft hold what seems to be one of the fastest-growing social networks on the Internet, and what more could they contribute to it?"