Facebook.com turned down a $750 million offer

The owners of the privately held social-networking site hope to fetch as much as $2 billion. And media giants like Viacom may make a good match

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.

Facebook's on the Block

About This Entry

Mar
28
2006
Published on Tuesday, March 28 2006 at 12:09 PM by Rob Downs in the Web Users Group blog.
Categories: News

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