Facebook and Microsoft are excited to announce that the companies are expanding their existing partnership. Microsoft will become the exclusive third-party advertising platform partner for Facebook.
“We are pleased to take our Microsoft partnership to the next level,” said Owen Van Natta, Chief Revenue Officer, Facebook, of the deal, under which Microsoft will take a $240 million equity stake in Facebook’s next round of financing.
“We think this expanded relationship will allow Facebook to continue to innovate and grow as a technology leader and major player in social computing, as well as bring relevant advertising to nearly 50 million active users of Facebook,” Van Natta said.
Kevin Johnson, president of the Platforms & Services Division at Microsoft, said, “Making this investment and expanding this partnership will position Microsoft and Facebook to better take advantage of advertising opportunities around the world.”
At Microsoft, we understand the intersection of the consumer and technology. Our
advertising solutions can help you connect with your consumers as they access different media at various points throughout the day—from PCs to games to mobile devices—and even more in the future.
