Connect with us

Hi, what are you looking for?

New Products

Facebook Valued at $15 Billion — Microsoft Takes $240 Million Equity Stake

Facebook and Microsoft Expand Strategic Alliance; Companies Expand Advertising Deal to Cover International Markets

Facebook and Microsoft Corp. today announced that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation, and the companies will expand their existing advertising partnership. 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, vice president of operations and chief revenue officer at Facebook. “We think this expanded relationship will allow Facebook to continue to innovate and grow as a technology leader and major player in social computing, as well as bring relevant advertising to the more than 49 million active users of Facebook.”

“Making this investment and expanding this partnership will position Microsoft and Facebook to better take advantage of advertising opportunities around the world, and is a great win for not only for our two companies, but also our collective users and advertisers,” said Kevin Johnson, president of the Platforms & Services Division at Microsoft. “We have partnered well over the past year and look forward to doing some exciting things together in the future. The opportunity to further collaborate as advertising partners is a big reason we have decided to take an equity stake, and is a strong statement of our confidence in the long-term economics of this partnership.”

Facebook continues to experience strong growth both in the U.S. and international markets; 59 percent of Facebook’s users are outside the U.S. With an average of 250,000 new users registering each day, Facebook continues to be one of the most-trafficked sites on the Internet.

On Aug. 22, 2006, the companies announced a U.S.-only strategic alliance that named Microsoft the exclusive provider of standard banner advertising on Facebook using Microsoft’s digital advertising solutions and the Microsoft adCenter platform. In early 2007, the terms were extended to 2011.

About Facebook
Founded in February 2004, Facebook is a social utility that helps people communicate more efficiently with their friends, family and coworkers. The company develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people’s real-world social connections. Anyone can sign up for Facebook and interact with the people they know in a trusted environment. Facebook is a part of millions of people’s lives and half of the users return daily. Facebook is a privately-held company and is headquartered in Palo Alto, Calif.

About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Facebook is a registered trademark of Facebook, Inc.

Microsoft is registered trademark of the Microsoft group of companies.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Estelon A-Series - AURELIA, AURELIA Centre, and AURUS Sub Lifestyle

Bookshelf Speakers

Estelon unveils the AURELIA, AURELIA Centre, and AURUS subwoofer at High End Munich 2025, celebrating its 15th anniversary. Prices start at €7,500 each.

LG QNED evo 92 (QNED92A) Lifestyle Image LG QNED evo 92 (QNED92A) Lifestyle Image

HDTV 4K & 8K TV

LG's QNED evo 92 and QNED evo 9M TVs incorporate elevated processing, better sound, WebOS enhancements, and more for 2025

Audioengine HD4 Next Gen Home Music System in Walnut with Black Grilles Lifestyle Audioengine HD4 Next Gen Home Music System in Walnut with Black Grilles Lifestyle

New Products

For 2025, the Audioengine HD4 Next Gen wireless speakers add Bluetooth 5.3, aptX Adaptive, and USB-C connectivity for less than $450.

Shanling High End 2025 Shanling High End 2025

CD Players

Shanling will be demonstrating two disc players, DAC/Headphone Amp, DAC/Streamer, and HW-600 open-back headphones at High END.

Castle Windsor Duke Mahogany Loudspeakers Front Castle Windsor Duke Mahogany Loudspeakers Front

Bookshelf Speakers

Castle Acoustics' Windsor Series Duke and Earl bookshelf speakers are now available through MoFi Distribution. Classic British hi-fi, reborn.

Elipson Connect 2130 Xi Streaming Amplifier Lifestyle Elipson Connect 2130 Xi Streaming Amplifier Lifestyle

Digital Music Systems

Discover the Elipson Connect 2130 Xi, a compact French streaming amplifier that combines high-end Class D power, Wi-Fi and Bluetooth streaming, and HDMI ARC...

Gift Ideas?

Cost-no-object Audiophile Gear

Floorstanding Speakers

When money is no-object in building a high-end audio system, this is the audiophile gear you'll want to check out first.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers