Wednesday, March 29, 2006

Facebook.com for sale?

BusinessWeek.com is reporting that it has learned that www.facebook.com (or www.thefacebook.com) may be for sale. Very interesting.

"Facebook, the Web site where students around the world socialize and swap information, has put itself on the block, BusinessWeek Online has learned. The owners of the privately held company have turned down a $750 million offer and hope to fetch as much as $2 billion in a sale, senior industry executives familiar with the matter say."

Facebook.com is the seventh most trafficked website on the net

A $2 billion deal would make the MySpace sale for $580 million to Rupert Murdoch's News Corp. seem like an afterthought.

BW is reporting that industry analysts feel that Viacom would be the most likely suitor for the Company.

Also, amazingly, the site was started by a few classmates at Harvard.

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