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Facebook and Microsoft Expand Strategic Alliance Two companies expand advertising deal to cover international markets, Microsoft to take equity stake in Facebook. PALO ALTO, Calif., and REDMOND, Wash. ≈ Oct. 24, 2007 ≈ Facebook and Microsoft Corp. today announced that the two companies would expand their advertising partnership and that Microsoft will take a $240 million equity stake in Facebook▓s next round of financing at a $15 billion valuation. Under the expanded strategic alliance, Microsoft will be the exclusive third-party advertising platform partner for Facebook, and will begin to sell advertising for Facebook internationally in addition to the United States.

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