Sunnyvale, Calif. -- Sunnyvale-based Yahoo is in talked to acquire Palo Alto-based Facebook, the second-largest online social network with 9.5 million members, for a sum approaching $1 billion, The Wall Street Journal reported on Thursday. Facebook has previously held negotiations with both Microsoft and Viacom -- which also bid on MySpace, but lost out to News Corp.'s $580 million winning bid. BusinessWeek reported in March that Facebook rejected a $750 million buyout offer, hoping to see a $2 billion asking price.
http://online.wsj.com/article/SB115880835590769754.html?mod=yahoo_hs&ru=yahoo (subscription required)
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060921:MTFH01186_2006-09-21_08-17-05_N21275291&type=comktNews&rpc=44
Listings
Notices
Recent Posts
- San Jose-Based Adobe Systems Acquires Behance
- Santa Clara-Based Coherent Acquires Germany's Lumera Laser
- Gangnam Style Becomes First Video to Hit 1 Billion Views on YouTube
- Redwood Shores-Based Oracle to Acquire Eloqua for $871 Million
- Palo Alto-Based Pluribus Networks Raises $23 Million in Third Round
- Foxconn Acquires $200 Million Stake in San Mateo-Based GoPro
- Palo Alto-Based LUMO BodyTech Raises $5 Million in First Round
- Palo Alto-Based Signifyd Lands $2 Million in Seed Funding
- San Francisco-Based FitStar Raises $1M for Health and Fitness Platform
- National Geographic Suspending New Posts on Instagram
Editor: Rich Scherr
For news tips and editorial issues,
contact editor Rich Scherr at
rich@techwiremedia.com
For advertising information, contract
Parul Nath at parul@techwiremedia.com
A Service of Tech Wire Media
Archives
- December 16, 2012 - December 22, 2012
- December 9, 2012 - December 15, 2012
- December 2, 2012 - December 8, 2012
- November 25, 2012 - December 1, 2012
- November 18, 2012 - November 24, 2012
- November 11, 2012 - November 17, 2012
- November 4, 2012 - November 10, 2012
- October 28, 2012 - November 3, 2012
- October 21, 2012 - October 27, 2012
- October 14, 2012 - October 20, 2012
