Monday, October 23, 2006

The Seattle Times: Business & Technology: Facebook playing hard to get with Yahoo!

Maybe he's holding out for a Google offer... 

Negotiations first stumbled when Yahoo!'s falling stock made it harder for the search giant and Facebook to agree on a price Yahoo! could afford, reportedly between $800 million and $1 billion.

But another obstacle, say people familiar with the situation, has been Mark Zuckerberg, Facebook's 22-year-old founder, chairman and chief executive, who has already rebuffed several suitors and isn't prepared to sell the Palo Alto, Calif.-based company unless some conditions are met, including price and control after a sale.

Source: The Seattle Times: Business & Technology: Facebook playing hard to get with Yahoo!

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