{{ searchResult.published_at | date:'d MMMM yyyy' }}

Loading ...
Loading ...

Enter a search term such as “mobile analytics” or browse our content using the filters above.

No_results

That’s not only a poor Scrabble score but we also couldn’t find any results matching “”.
Check your spelling or try broadening your search.

Logo_distressed

Sorry about this, there is a problem with our search at the moment.
Please try again later.

Speculation is growing that Yahoo! is close to a $1bn deal for social networking site Facebook.

The Wall Street Journal reports that Facebook is in "serious discussions" to sell itself to the search engine and portal, following months of reported takeover bids from big media players.

According to the paper, Microsoft and Viacom have also held discussions with the site in the last year, while BusinessWeek reported in March that the company had turned down a $750m offer and hoped to raise $2bn through a sale.

Facebook, which says it has over 9m members, recently signed a big advertising agreement with Microsoft, reportedly guaranteeing it $200m in revenues over the next three years.

So it will be interesting to see how expensive a deal for the site is, especially as big media firms are also circling other social media outfits such as YouTube and Bebo.

If it’s over $1bn, that would underline what a good deal Rupert Murdoch got when he paid less than $600m for the much more popular Myspace a few months ago, particularly in light of its three-year, $900m ad agreement with Google last month.

But leaving the price aside, this would also seem a smart deal for Yahoo!; both for traffic generation and to further its online community and social search strategy. That has seen it launch its Answers social search tool this year, as well as its recent purchase of bookmarking site del.icio.us.

Avatar-blank-50x50

Published 22 September, 2006 by Richard Maven

529 more posts from this author

Comments (0)

Comment
No-profile-pic
Save or Cancel
Daily_pulse_signup_wide

Enjoying this article?

Get more just like this, delivered to your inbox.

Keep up to date with the latest analysis, inspiration and learning from the Econsultancy blog with our free Daily Pulse newsletter. Each weekday, you ll receive a hand-picked digest of the latest and greatest articles, as well as snippets of new market data, best practice guides and trends research.