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Microsoft wins Facebook sweepstakes?

Microsoft isn't the bridesmaid this time. According to News.

Microsoft isn't the bridesmaid this time. According to News.com's Ina Fried Microsoft will be making an investment in Facebook.

Ina reports:

Microsoft and Facebook were close to a deal, according to the source. Exact details were not immediately available, but the deal is expected to include at least an ownership stake in Facebook and an expansion of Microsoft's current Facebook advertising deal, which only covers the U.S.

Valleywag has its own confirmation.

Dan Farber has recapped the bakeoff, which is rounded up by Techmeme, but there's one remaining element--price. Who overpaid to be linked with Facebook?