Facebook Accepts $240 Million from Microsoft

Facebook Accepts $240 Million from Microsoft: "Facebook and Microsoft Corp. today announced that Microsoft will take a $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation, and the companies will expand their existing advertising partnership. Under the expanded strategic alliance, Microsoft will be the exclusive third-party advertising platform partner for Facebook, and will begin to sell advertising for Facebook internationally in addition to the United States."

Ah, Facebook staked to the ground. The certainly deserve each other! Leaving the market much more intereting ...