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Microsoft to Pay $240 Million for Stake in Facebook permalink

Source: www.nytimes.com

Peter Sung / (0) / posted over 5 years ago / flag this / read more

SAN FRANCISCO, Oct. 24 — Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook. Related Bits: Microsoft Wins One in the War Against Google The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook. The investment

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