Facebook to set up office in Australia

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Australian IT is reporting that social networking site Facebook is looking for at least four people, including a head of sales, to be based in Sydney to form an Australian-based advertising team for the site, joining Canada and Sweden as places that the social network wants to expand into.

Currently, advertising has been handled by ninemsn since last December as part of a global deal done by Microsoft, which saw Microsoft paying US$240 million for a 1.6 percent stake in the company.

Its rivals, however, have set up offices to sell local advertising in Australia. MySpace has an an Australian team since 2006, while Bebo appointed Francisco Cordero as its general manager last year.

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