Yahoo Offered Facebook $1.4 Billion

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.

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