Updated 3:50 p.m. PDT: It's official: Microsoft will take a $240 million equity stake in Facebook during its next round of financing, valuing the company at a whopping $15 billion.. News.com's Ina ...

Microsoft is said to have suspended advertising on Facebook and Instagram in the U.S. sin May, with the pause expanded globally and extending through August.

Microsoft Corp. and Facebook Inc., the onetime technology king and the claimant to the throne, are forming an increasingly unified front in the battle for industry supremacy against Google Inc ...