Microsoft Deal Overshadows Google's Analyst Day

Facebook deal dominates conversation, irritates execs
By Colleen Barry,  Newser Staff
Posted Oct 25, 2007 12:30 AM CDT
Microsoft Deal Overshadows Google's Analyst Day
Facebook.com's mastermind, Mark Zuckerberg smiles at his office in Palo Alto, Calif. in this Feb. 5, 2007 file photo. Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc. The deal...   (Associated Press)

Google made some noteworthy announcements at its Google Analyst Day yesterday, but they were overshadowed by Microsoft's announcement earlier in the day that it was acquiring a $240 million stake in Facebook, a prize for which the two companies had reportedly engaged in a heated bidding war. Among Google's news: the early success of its Apps business.

The search engine giant also explained why it planned to bid on wireless spectrum and said it was optimistic about getting US approval of its DoubleClick deal. Company reps flat-out refused, however, to discuss anything specific about Facebook or the rumored Google Phone. Co-founder Sergey Brin said the firm didn't need  "to own everything successful on the Internet." (More Google stories.)

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