The New York Times:
Microsoft has won a high-profile technology industry battle with Google and Yahoo! to invest in the social networking upstart Facebook.
The 2 companies said on Wednesday that Microsoft would invest $240 million for a 1.6% stake in Facebook. The investment values the 3-year-old Facebook, which will bring in about $150 million in revenue this year, at $15 billion.
The deal ends 2 months of jockeying between 3 major Internet players for the right to invest in and forge close ties with Facebook.
Subscribe 
