Microsoft deal values Facebook at $15 Billion
Microsoft finalised a $240 Million deal to purchase a 1.6% stake in the social networking site Facebook. The deal value Facebook at approximately $15 billion.
Microsoft beat Google who was also bidding for a similar stake in the three year old social networking site.
As part of the agreement, Microsoft secured the right to sell contextual ads on […]
MSNBC Aquires Newsvine
In March 2006, Fox purchased NewRoo.com. Condé Nast gobbled Reddit in October 2006, the trend continues with msnbc’s decision to acquire the social news site, Newsvine.com. The detailes of the deal were undisclosed.
Msnbc.com, a joint venture between MSN and NBC claims 26 million unique users, and is ranked fourth in Nielsen-NetRating’s Top American News Sites for July 2007. The […]
Microsoft to Offer Free Internet-Based Software
Microsoft announced that it will offer free software that will connect its Windows operating system to software delivered over the internet.
This is a major shoft for Microsoft which traditionally sold commercial packaged software.
This unprecendented move by Microsoft is in direct response to Google’s offering its own brand of software applications over the internet.
Here is what Kenneth Wasch, president […]