Microsoft: Stake in Facebook

From the New York Times via Google News: "Microsoft to Pay $240 Million for Stake in Facebook," by Brad Stone--

Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook.

The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook. The investment values the three-year-old Facebook, which will bring in about $150 million in revenue this year, at $15 billion.

--Posted by Illinois car accident attorneys and Illinois car accident abogado (de accidentes de automovil) T. Evan Schaeffer of the Belleville Illinois car accident lawyers of Schaeffer & Lamere, P.C.