It's official: Microsoft will take a US$240 million equity stake in Facebook during its next round of financing, valuing the company at a whopping US$15 billion.
Google have taken the online social networking battle to a new level with the announcement of a new set of APIs that can be used to create applications on any site that wishes to participate.
update: In its largest acquisition yet, Google has agreed to pay $3.1 billion in cash for online ad company DoubleClick, the companies announced on Friday.
Friday's dramatic bounce in Yahoo's stock on reports of a deal with Microsoft -- later discredited, reflects the pressure facing the third- and second-largest internet companies as they struggle to gain market share from Google, according to analysts.
eBay's announcement on Friday that it took a 25 percent stake in online classifieds site Craigslist illustrates how the Web's biggest players are putting a heavy focus on going local wherever they operate.
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