Facebook To Pay Breakup Fee To Microsoft, If Sale Happens: NYP
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If Facebook is sold to anybody except Microsoft, the social networking site will have to pay a breakup fees to the software giant, reports New York Post. This is because Facebook signed a search and advertising deal with Microsoft in August. The story says that the breakup fees will be about $10 million, which if the sale price is anywhere near the $1 billion that the rumors have been suggesting, should not be that big of an issue. If NBC could extract Hearst out of the iVillage sale deal, then anything is possible…
Related: Fresh Crop Of Facebook Sale Rumors; Yahoo Tops List For Now; Founder Says Sale Not Priority
Posted In: Advertising, Social Media, Companies, Microsoft
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