Yahoo To Buy Facebook for $1 Billion

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Yahoo To Buy Facebook for $1 Billion

Submitted by Cygnus on Thu, 2006-09-21 08:09

Business Issues

Need we say more?
http://news.bbc.co.uk/2/hi/business/5367120.stm

They really want to build that community thing I hear so much about.

Comments

Waste of money

Submitted by The Founder on Thu, 2006-09-21 08:58.

Yahoo already has multiple 'communities' they needed to tie them internally... not send 1 billion dollars to buy another mess to try to intergrate.

For Yahoo, it is who didn't buy Facebook

Submitted by Cygnus on Thu, 2006-09-21 09:24.

Given that Facebook was also talking with Viacom and MSN (and I wouldn't be surprised if Google was in there somewhere), it could just be a game theory move...take out the rowboat of your competitor. Even if they do nothing with Facebook, their competition can't have it either.

Cygnus, somewhat like Skype and eBay...

Submitted by StephenBauer on Thu, 2006-09-21 10:48.

...but not completely.

What a bargain

Submitted by mad4 on Thu, 2006-09-21 13:09.

Rupert Murdoch really got a bargain with myspace if facebook is worth a billion.

MSN?

Submitted by skore on Fri, 2006-09-22 06:13.

How would this affect the deal that MSN made in August with Facebook?

Quote:

Microsoft on Wednesday said it has an exclusive deal to provide online advertising to fast-growing Facebook, an important step in Microsoft's uphill battle to catch up with rivals Google and Yahoo.

InformationWeek Article from August 23

Dot Bomb 2.0

Submitted by theGypsy on Fri, 2006-09-22 07:04.

My oh my...it's just getting wierder and wierder. As some one that was around during the last over-valuations and eventual self-destruction.... This all smells oh sooooo familiar.

MySpace, Facebook, YouTube and even iViiilage for cryin out loud.... anyone remember what a recession is? Lol... I'm old enough to remember a few of them

I say the 2 may just come in together in 07... free money is everywhere.