Yahoo-Facebook dance

Techcrunch claims it's gotten a hold of documents showing the progression of negotiations between Yahoo and the social networking site Facebook. An early offer by Yahoo of $37.5 million for 5 percent of the company was rejected. By mid-year, Yahoo offered $1 billion for the whole shebang (also rejected). Yahoo was supposedly going as high as $1.6 billion, but talks broke down and that was that. The $1 billion offer was based on the assumption that Facebook revenue in 2009 would reach $608 million - kind of a leap considering that 2006 revenue will be around $50 million. An interesting little nugget, if true. Take it for what it's worth.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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