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Submission + - Microsoft to Pay 240 Million for Stake in Facebook (

Nrbelex writes: The New York Times is reporting that "Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook. Microsoft will invest $240 million for a 1.6 percent stake in the company, said Adam Sohn, a director in Microsoft's online services group. The investment values the three-year-old Facebook, which will bring in about $150 million in revenue this year, at $15 billion. "
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Microsoft to Pay 240 Million for Stake in Facebook

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How come everyone's going so slow if it's called rush hour?