Tuesday, March 28, 2006

Facebook's on the Block

Facebook's on the Block: "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."

Reminds me of PointCast -- which turned down a $450M offer from News Corp in 1997, only to crash and burn shortly thereafter.

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