Microsoft actually managed to beat Google at an acquisition, or rather, in this case, a partial stake in a company. Google had also been rumored to have been pursuing a minority stake in Facebook.
The final deal resulted in a 1.6 percent stake in the
social-networking company, notably smaller than the 5 to 10 percent
that had been talked about in recent weeks.
"We are pleased to take our Microsoft partnership to the next level,"
Owen Van Natta, vice president of operations and chief revenue officer
at Facebook, said in a statement. "We think this expanded relationship
will allow Facebook to continue to innovate and grow as a technology
leader and major player in social computing, as well as bring relevant
advertising to the more than 49 million active users of Facebook."
Based on a 1.6 percent stake, this gives Facebook a value of a whopping $15 billion.