Microsoft Corp. has acquired UK based European mapping and location website Multimap.com in an effort to expand it’s location-based search engine and advertising web properties and to better compete with Google. Multimap.com which was started in 1996, receives more than 10 million users each month and has 120 employees. It expects $24 million in revenues in 2007, but… Read More »
It looks like giant Microsoft settled on a tiny piece of Facebook (a 1.6 per cent share) for a massive $240million. That puts Facebook’s valuation at around $15 billion.