Money | Facebook Microsoft Beats Out Google for Facebook Deal Company will handle international ad sales, invest $240 million By Sam Gale Rosen Posted Oct 24, 2007 5:00 PM CDT Copied Facebook founder Mark Zuckerberg smiles during a talk at Web 2.0 conference in San Francisco, Wednesday, Oct. 17, 2007. (AP Photo/Paul Sakuma) (Associated Press) Microsoft has beaten out Google for the hand of fair Facebook. The much-anticipated decision was announced today: Microsoft will handle Facebook's international ad sales (it already handles US sales) and invest $240 million for a 1.6% stake in the networking site. "We are pleased to take our Microsoft partnership to the next level," says Facebook's chief revenue officer. "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," says a Microsoft exec. Google declined to comment on any aspect of its negotiations with Facebook. Read These Next Colorado wants to give 'peace of mind' on Hunter S. Thompson. Hiker lost for days in Idaho had no pants or shoes. Bad news for the famous 'Nirvana baby.' Defense officials react to Hegseth's Quantico meeting. Report an error