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Microsoft beats Google to Facebook stake »

Posted by: Ousama 10 months, 2 weeks ago

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SEATTLE (Reuters) Microsoft Corp beat out Google Inc on Wednesday in a battle to invest in socializing Web site Facebook,agreeing to pay $240 million for a 1.6 percent stake in the Web phenomenon.Microsoft also clinched exclusive rights to sell ads on Facebook outside of the United States as part of the investment that valued Facebook at $15 billio

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