Microsoft has sold its advertising agency Razorfish for $530 million to Publicis Group. Razorfish was part of the $6 billion AQuantive acquisition Microsoft (MSFT) made in 2007 to get into digital advertising after Google (GOOG) acquired DoubleClick.

Publicis is acquiring Razorfish to expand its digital advertising business as demand slows in its traditional print and television advertising business. The traditional business has been hit hard as big clients like General Motors went bankrupt. After the acquisition is closed, Publicis expects 25 percent of its revenue to come from digital advertising. Last year, Publicis bought Performics search-marketing business from Google for an undisclosed amount.

Read more here - Microsoft Sells Razorfish, Secures Spending On Bing