Nrbelex writes to mention The New York Times is reporting that Microsoft has beat out Google and Yahoo for a 1.6% stake in Facebook. The investment will cost Microsoft $240 million valuing the total site at somewhere around $15 billion. “The astronomical valuation for Facebook is primarily evidence that Microsoft executives believed they could not afford to lose out on the Facebook deal.

Okay the last thing that I want to see on my facebook page(yes I have one) are Microsoft ads. Lets hope that some one comes up with a billyware ad blocker soon.

Read more of this story at Slashdot.

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Microsoft to Pay $240 Million for Stake in Facebook