The cross section for the reaction p¯p→e+e− has been measured at s=8.8, 10.8, 12.4, 13.1, and 14.4 GeV2 by Fermilab experiment E835. A non-magnetic spectrometer is used to identify the e+e− final states generated by the antiproton beam intersecting an internal hydrogen gas jet target. From the analysis of the 144 observed events, new high-precision measurements of the proton magnetic form factor for timelike momentum transfers are obtained.