Microsoft also wanted to charge competitors almost six percent of the sales from products that use its information. But in the end it agreed to charge less than half a percent for worldwide use.
Microsoft has faced record European Union fines and may still owe more. But it says it wants to put its energies into meeting its legal duties and strengthening its relationship with the European Commission.
But now, Microsoft has agreed to share secret information with developers for a one-time payment of ten thousand euros. That is about fourteen thousand dollars at current exchange rates.
Microsoft will invest two hundred forty million dollars to buy a one and one-half percent interest. Microsoft values Facebook at fifteen billion dollars. Facebook reportedly expects about one hundred fifty million dollars in revenue this year. The company will be four years old in February and says the site has almost fifty million active users.
This is the VOA Special English Economics Report.
In a separate case, Microsoft decided last week not to appeal a thirty-four million dollar fine by the Fair Trade Commission in South Korea.
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