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According to a statement released at 12:01am tonight, Microsoft and Facebook have formed a strategic alliance that grants Microsoft exclusive ad sales rights on Facebook. The rumored three-year deal was hashed out in only the last week after Google agreed to pay MySpace a minimum $900 million over the next three years in shared advertising revenue.
Microsoft will be the exclusive provider of banner advertising and sponsored links on Facebook using Microsoft’s digital advertising solutions and the Microsoft adCenter platform.