Facebook Holding Out For $2 Billion

Posted on March 29, 2006

Facebook is on the block according to a Businessweek article that says Facebook turned down an offer of $750 million from Viacom and would prefer something more like $2 billion.

Om Malik says they should have taken the $750 million. John Battelle says he would also take the $750 million. It is more than the $580 million that News Corp. paid for MySpace.

B2Day blogs that each "college-loan-saddled college student" who uses Facebook is valued at $285 each using the $2 billion figure. Tech Beat points out that Google just raised $2.1 billion. Maybe they want Facebook. More discussion of a possible Facebook deal can be found on Slashdot.

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