Yahoo Tries to Woo Facebook With $900 Million

Posted by ryuzaki0 on Friday September 22, 2006 @08:33AM from the web-bubble-2.0-in-full-effect dept.

Krishna Dagli writes writes to mention a New York Times article on Yahoo!'s attempt to buy Facebook. Their current standing offer is $900 Million, with the deal including a degree of autonomy for the site and founder Mark Zuckerberg still in charge. From the article: "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. That offer, first reported by The Wall Street Journal, was confirmed yesterday by two industry executives, one briefed on the deal by Facebook and the other by Yahoo. Both spoke on the condition of anonymity because the negotiations are continuing."

2 of 108 comments (clear)

my advice . . . by recordMyRides · 2006-09-22 08:35 · Score: 5, Insightful

Take it you fool!

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Hmmm... by Otter · 2006-09-22 08:37 · Score: 5, Insightful

I dunno ... $900 million from Yahoo is enough to buy a basketball team, pay exorbitant fines to the NBA and periodically hold forth on business as though you're Henry Ford, not some clown who unloaded his dot-bomb on some suckers just before it imploded.

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