Microsoft Beats Google for Facebook

Microsoft has beat Google in its bid for Facebook. The software giant will invest $240 million in the social networking site in a move that will preserve Microsoft's existing advertising deal with Facebook.

Facebook chose Microsoft over Google because it was pleased with the way Microsoft's ad partnership had developed over the last year, said Owen Van Natta, VP operations and chief revenue officer at Facebook.

http://www.microsoft.com/Presspass/press/2007/oct07/10-24FacebookPR.mspx