Facebook Turns Down $750 Million Offer, Holds Out For $2 Billion

[regic]

Dot Com Bubble redux anyone?

Facebook's on the Block
The owners of the privately held social-networking site hope to fetch as much as $2 billion. And media giants like Viacom may make a good match

That may sound like a huge amount of money, especially when you consider that the company was launched just two years ago by a group of sophomores at Harvard University, led by Mark Zuckerberg... But already, www.facebook.com has become the seventh-most heavily trafficked site on the Internet, according to market researcher comScore Media Metrix. It racked up 5.5 billion page views during the month of February, the latest month for which complete data are available. That's more page views than the Web sites of Amazon.com, Ask.com, or Walt Disney...

full article: http://www.businessweek.com/technology/c...215976.htm

related topic:
Are these "boomy" times another dot-com bubble?
http://community.tuliptools.com/index.ph...977.0.html

[mandy]

Update: Yahoo has made a $900 million offer for Facebook

Mark Zuckerberg is a member of the Google generation, one too young to remember all the ambitions dashed and fortunes lost when the last dot-com boom ended.

That may be one reason Zuckerberg, the 22-year-old founder of Facebook, a social-networking Web site, has so far shied away from selling his company, rejecting offers that would have made him several hundred million dollars.

When Viacom offered $750 million for Facebook in January, he asked for $2 billion and was rebuffed, according to a person involved in the negotiations. Now, he remains undecided about the latest offer, made in the last few weeks by Yahoo...

To woo Zuckerberg, Yahoo has offered about $900 million for Facebook and says it will keep the company somewhat independent, with Zuckerberg in charge. This has been its model with other acquisitions like Flickr, a photo-sharing site, and Del.icio.us, a social bookmarking service that lets members share lists of their favorite Web sites...

full article: http://news.com.com/Facebook%2C+a+social...g=nefd.top

[Anita]

I don't like Facebook... I can't get in to see my kids' accounts.

[thentavius]

OMG, that is so much money.

[xppman]

Maybe Meg will now lauch Myfacebook.com?  ;D