Microsoft pays $240 million for a stake that values Facebook at an astounding 150x of revenue - $15 billion dollars.
A week later, Google announces Open Social, a competitive platform with partners including LinkedIn, Hi5, Friendster, Salesforce.com, Oracle, iLike, Flixster, RockYou, and Slide. That deal that took longer than a week to structure.
Source: » Did Google bluff Microsoft into over paying for Facebook? | Storage Bits | ZDNet.com
Looks like they did to me as well.
MSN definitely paid too much.
Geoserv.