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Microsoft has agreed to invest $240 million (£117 million) in social networking website Facebook, placing a $15 billion value on it. The investment, which was accompanied by the signing of a key advertising deal, gives Microsoft a 1.6% stake in the online social utility. The companies already had a US-only strategic alliance that named Microsoft… Continue reading Microsoft Invests In Facebook

Aegis Group has announced the acquisition of Genesis Media in Canada. Genesis has gross assets of US $16.2m. Founded in 1992, Genesis Media is an independent media agency with a particular presence in the Western Canada region. It has a diversified service offering, including CRM, digital, direct and data analytics. Aegis Media said that the… Continue reading Aegis Acquires Genesis Media

Internet users in Europe will spend a projected €51 billion ($71 billion US dollars) online during the Christmas season this year, according to Forrester Research. For the full year 2007, Forrester projects European online retail to grow 58% year-over-year. Forrester’s holiday forecast covers 17 Western European countries and 22 retail categories, and draws upon its… Continue reading European Internet Users To Spend €51b Online At Christmas

Omnicom’s net profit for the third quarter of 2007 increased 14.2% to $202.2 million, from $177.1 million in the third quarter of 2006. Worldwide revenue increased 11.8% to $3,101.4 million from $2,774.3 million in the third quarter of 2006. Domestic revenue for the third quarter of 2007 increased 7.4% to $1,654.9 million. International revenue increased… Continue reading Omnicom Net Profit Up 14.2%

US online holiday retail sales will grow to over $39 billion in 2007, an increase of 20% over last year’s holiday season, according to a new forecast from JupiterResearch. According to a new JupiterResearch report, US Online Retail Holiday Forecast, 2007, a record 126 million users, a 6% increase over last year, will buy online… Continue reading US Online Holiday Retail Sales To Reach $39b

Pearson, which owns the Financial Times and Penguin, has announced that for the first nine months of 2007, underlying sales were 6% higher and operating profits 20% higher than in the same period last year. The group said that for the full year, it remains on course to achieve strong underlying growth on its key… Continue reading Pearson Operating Profits Up 20%

Search engine giant Google has reported a 41.6% rise in third-quarter pre-tax profits to $1.47bn. Google’s revenues for the quarter were $4.23, a 57% increase over third quarter 2006 revenues of $2.69 billion and a 9% increase over second quarter 2007 revenues of $3.87 billion. Revenues from the UK totaled $661 million, whilst total revenues… Continue reading Google’s Pre-Tax Profits Grow 41.6%

WPP has announced that its third quarter revenues rose 4.9% to £1.48 billion, with revenues in constant currencies up 8.1%. It predicts that growth will further accelerate in 2008 with the Beijing Olympics and US Presidential elections. The group reported constant currency growth of 5% in the UK, compared with 3.7% in the first half,… Continue reading WPP Third Quarter Revenues Up 4.9%

Aegis has announced the acquisition of Implicom, a sales promotion and direct marketing specialist in France. Implicom was founded in 1992, and serves a strong base of blue-chip clients. In a statement, Aegis said that it will be highly complementary to its existing online and offline business in France. Robert Lerwill, CEO of Aegis, said:… Continue reading Aegis Acquires Direct Marketing Specialist

Yahoo! has reported Q3 pre-tax profits of $151 million (£74.2 million), a decline of 5% year on year, although it said that there are signs of its online advertising business gaining momentum. The company’s revenue from display advertising grew at nearly 20% in the first three months after almost five quarters of decelerating growth. Marketing… Continue reading Yahoo! Reports $151m Pre-Tax Profit