Ok so everyone knows about the news that Microsoft paid $240 M for 1.6% of Facebook. Terrence Russel at Wired thinks it was a good deal and I do too but for different reasons.
I did a little checking on Google Finance and there's something interesting that happens. Once the Microsoft / Facebook rumor gets out and is judged to be serious the stock jumps 1%. It then jumps another 1% in after hours trading when the announcement is confirmed. On a market cap of about $290B that means that MSFT was valued at an additional $ 6B after the deal.
I'll admit I'm not an expert on the market but it sounds like turning $240M into $6B is a good move.