Yahoo’s bid to buy Facebook

According to the Wall Street Journal, Yahoo has offered Facebook an amount that could be approximately $1 billion in a bid to purchase it. Facebook is second largest social networking website in the US. Yahoo has been talking to Facebook over the past year.  Facebook also had discussions with Microsoft and Viacom. Earlier as well there were rumors of its acquisition wherein Facebook reportedly turned down an offer of $750 million, deciding to hold out for $2 billion.

Currently Yahoo has social media websites (Flickr, del.icio.us & Yahoo Answers) however they do not have anything like Myspace; the largest social media website or Facebook. Lets wait and watch that weather we’ll see Facebook as a Yahoo company or not.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: