Microsoft acquires equity stake in Facebook; Facebook's valuation at 15 billion | The Social - CNET News.com: "It's official: Microsoft will take a $240 million equity stake in Facebook during its next round of financing, valuing the company at a whopping $15 billion."
Not a comment on whether they are worth it or not, but just to add some perspective... the entirety of AOL (portals, dial-up access business, Advertising.com, AIM & ICQ, Winamp, Mapquest, Netscape, Moviefone, etc.) was valued at $20 Billion a couple of years ago (when Google invested $1B for a 5% stake).
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