$1bn mr Yahoo!? No thanks says Facebook

The apparent $1m bid from Yahoo! on Facebook has been turned down and Facebook's Peter Thiel now says they'll never sell out. There's been speculation for a while now, but some are saying a bid of up to $8bn could be seen. Would they turn that down too? The quote from Thiel in Bloomberg goes: "'It's going to remain an independent company,' Thiel said in an interview last week. 'The plan is to actually build it, maybe at some point take it public, but definitely not to sell it.'''         

The big question is if and why Facebook will be the first big social networking site not to be snapped up by a megabrand for megamoney. Will such a strategy make the owners megarich?

Comments

[Alex]

I think by $1m you mean $1b, yeah?

;)

that would be quite a lowball!