Microsoft and Facebook have just announced that Microsoft has bought a 1.6% share of Facebook for $240M. That puts the valuation of the company at over $15B.
That seems a bit high to me, seeing as how Microsoft's value is at about $290B right now, but isn't that what makes a tech bubble so great?
it will be interesting to see what comes of this from the developer side of things. Will Facebook integrate with Windows Live ID & CardSpace? Will Microsoft launch a new product offering for adCenter that specifically targets Facebook? Will Microsoft build a Facebook SDK for .NET? Only time will tell...