Small retraction (rather than editing the original post, how big of me): apparently MS have bought a minority stake in Facebook for $240m, which values the site at an expected $15bn. Serves me right for reading early reports on Valleywag.
The move looks like one calculated to piss Google - who were also in the running to buy Facebook - off, and I have to say, in the terms of large business like this, that's utterly childish and massively hilarious.
I wish I could drop $240m just to bug someone. Hugh wouldn't know what'd hit him.
