Microsoft buys stake in Facebook
Microsoft has paid $240m for a 1.6% stake in Facebook that values the hugely popular social networking site at $15bn.
Facebook spurned an offer from Microsoft’s rival Google, which was also keen to invest the site.
Microsoft will also sell internet ads for Facebook outside the United States as part of the deal that took several weeks of negotiating.
Microsoft already provides banner advertising and links on the US site. [BBC]
$15bn… does Facebook really worth that much?