According to the Wall Street Journal, Microsoft has just closed a deal with Facebook. Microsoft will invest up to $250 million in Facebook at up to a $15 billion valuation. This move has beat out Google winning Microsoft an extremely valuable advertising deal with Facbeook for the international market.
Rumors have been circulating about who would win in the deal but it now looks like the deal has closed. Many were speculating up to a $750 million investment by either Google or Facebook. Microsoft has missed out on most of the growth in online advertising and it looks like they may have just inked their first deal that provides them with a larger play in the space
Many of these numbers are lower than expected. Microsoft has ultimately paid $250 million for rights to Facebook’s international ad market.