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Microsoft to Invest Over $1 Billion in Online Business

Published on May 05, 2006
In an effort to keep up with big internet companies like Google and Yahoo, Steve Ballmer, Microsoft Corp.'s chief executive, said the software company would invest heavily in its online business - planning to spend $1.1 billion on its MSN online business in 2007, compared to the $500 million spent in 2005 - writes Smart Money.