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Facebook + Yahoo! = $1 billion?
Yahoo! and Facebook are back talking, and it looks like the deal is approaching the $1 billion mark. Facebook recently held discussions with Microsoft and Viacom about possible takeovers, and they both bombed out. The 22 year old founder, Mark Zuckerberg, has shied away from selling because he is focused on building the company for the long term. Viacom had offered $750 million earlier this year, which was shut down with a $2 billion counter offer. Mark is now apparently undecided about the Yahoo $900 million offer. He keeps tight control of the company backed by Greylock Partners, and models the simplicity and management style he has after Google, and Apples founders.
If this deal goes through, it could major pump up for Yahoo's declining younger market.
Comments
8
Subscribe to commentsJordan RunningSep 22nd 2006 1:59PM
Is it just me or is the new FOX News site unbelievably hideous? Eww.
Chris GilmerSep 22nd 2006 2:07PM
Naw.. its pretty bad Jordan!
Deadpresident.blogspot.comSep 22nd 2006 2:36PM
I don't feel nice at all thinking about dot com busts. Is it deja vu ?
etatSep 22nd 2006 3:29PM
There should be a name for the inverse Midas touch, where everything turns to sludge. I am going to start calling it the Yahoo Effect. I think the big money factor fits with the bigger idea. Anything Yahoo throws money at might as well BOAKYAG.
Tim DorrSep 22nd 2006 3:57PM
If there was any company I'd want them to sell to, it would be Yahoo. When they've bought stuff (Flickr, del.icio.us), they've pretty much kept their hands off to avoid ruining a good thing. So, I think Yahoo would be great in order to provide plenty of financial backing, but let Mark keep things they way he wants them. Plus, the general design philsophies between Yahoo and Facebook are rather similar as it is, so I don't think they would have much more than Yahoo! ID integration to push on them.
Jordan RunningSep 22nd 2006 3:59PM
etat: I can't think of any properties that have suffered as a result of a Yahoo! acquisition recently. Flickr, del.icio.us, and Upcoming.org all continue to thrive under Yahoo!'s wing. Am I missing something?
KennySep 22nd 2006 4:14PM
The only slightly odd thing about Yahoo's acquisitions of Flickr and del.icio.us is that they have kept pushing their own competing properties (Yahoo Photos and Yahoo MyWeb) and added the best features of Flickr/del.icio.us to their own branded properties.
Ted MatsumuraOct 11th 2006 3:53AM
For relevant interesting insider info., check out Karel Baloun’s book (and related blogsite): Inside Facebook at
http://www.fbbook.com