Microsoft Buys 1.6% of Facebook for $240M

See this story that just hit Yahoo!News.

This puts the valuation precisely at the rumored $15B mark. Rumors say that Facebook will do $150M in revenues and $30M in profit this year, so the valuation is 100x revenues and 500x EBITDA.

See my posts on Zuckerberg at the Web 2.0 Summit or on Facebook (Go Check Out Facebook, Now) for more background.

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