Facebook Considering Sale to Yahoo

Facebook is gracing the headlines again. From The Associated Press (at BusinessWeek Online):

Facebook, an Internet-based social networking site, is in “serious” talks to sell itself to Yahoo Inc. for a pricetag that could approach $1 billion, The Wall Street Journal reported on Thursday.

Palo Alto, Calif.-based Facebook had separate discussions with suitors Microsoft Corp. and Viacom Inc. in the past year as well, the newspaper said.

TechCrunch has some quotes from the original WSJ article (not available for free):

During one series of talks with Microsoft, Facebook executives told their Microsoft peers they couldn’t do an 8 a.m. conference call because the company’s 22-year-old founder and chief executive, Harvard dropout Mark Zuckerberg, wouldn’t be awake, says a person familiar with the talks. Microsoft executives were incredulous.

Funny how quickly things change. From SiliconBeat (April 2006):

Facebook, the popular Palo Alto social networking site, has raised $25 million in venture capital from some Silicon Valley investors, putting to rest for now speculation that it was considering acquisition offers. … “It has never been our intention to sell the company,” said Melanie Deitch, Facebook’s director of marketing, adding that the latest funding puts the rumors of such a sale to rest.

These are the people that we trust with all our personal information.


4 Responses to Facebook Considering Sale to Yahoo

  1. Zachary Bernstein says:

    If they sell out, I’m getting off.

  2. […] New details emerge on the rumored sale of Facebook to Yahoo. From BusinessWeek Online: Is Facebook really worth $1 billion? Analysts easily agree the answer is yes. Whether it’s worth that much to Yahoo!, however, is a more complicated question. The Web portal initially offered Facebook $1.4 billion, according to people familiar with the deal. Talks broke down in July, about the time Yahoo shares lost 20% of their value on news that its new targeted advertising technology would be delayed. Sources close to Facebook say there has been no new deal, but discussions could easily resume. […]

  3. JoeSchmoe says:

    If they sell, I’m leaving too.

    I also find it hilarious that the owner of a speculated $1 Billion company won’t wake up for deals that will financially secure his future forever.
    “My girlfriend is in town.” is not a good reason to miss discussions about Microsoft acquiring your company. Ridiculous.

  4. No Facebook says:

    Yeah.. let it sold and change they STUPID ADMIN!!

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