Facebook to Yahoo! for $1 billion?

Next Story

Squirl Brings Together Passionate Collectors

WSJ reports that Facebook is in talks with Yahoo! for a $1 billion acquisition deal. They've also spoken to Microsoft and Viacom in the past (as previous rumors have withholded), but Yahoo! is the one that they might be seriously getting somewhere with. This will be a good acquisition for Yahoo! – something they need after their recent 15% share drop and more obvious evidence that their own social network didn't do too well.

Social networks are huge in the market now. MySpace is the only current success story, but let's not forget Bebo turning down $550 million in the past and YouTube's current $1.5 billion price. Also, as I mentioned above, Facebook's own I-want-2-billion-not-750-million when they were talking with Viacom comes to mind.

What I find interesting is that this is double of what MySpace sold for an year ago – and if that acquisition hadn't taken taken place, social networks wouldn't have been a big thing or at least not as big – and you're right in guessing that this wouldn't have happened either. So in a way, MySpace sold short, started the whole social networking craze, and others – like Facebook and YouTube – are taking advantage of it.

[tags]Acquisitions, Yahoo, Facebook[/tags]


SIGNAL PROCESSOR CENTRAL INTEGRATED TEST-SYSTEM picture
SIGNAL PROCESSOR CENTRAL INTEGRATED TEST-SYSTEM
New Siemens TI 555-1105 SIMATIC TI 505 Processor Module TI555 CPU 384KB RAM 4-P picture
New Siemens TI 555-1105 SIMATIC TI 505 Processor Module TI555 CPU 384KB RAM 4-P
GE FANUC IC610CPU104 USPP IC610CPU104 picture
GE FANUC IC610CPU104 USPP IC610CPU104
Ericsson BusinessPhone CPU-D2 legacy CPU for old PBX picture
Ericsson BusinessPhone CPU-D2 legacy CPU for old PBX
Ericsson CPU-D4 ROF1575124/1  R1B picture
Ericsson CPU-D4 ROF1575124/1 R1B