December 12, 2006
Face off
More on the on-again, off-again acquisition talks between Yahoo and Facebook. According to TechCrunch this morning, Yahoo offered $1bn for the social networking site earlier this year and was prepared to pay up to $1.62bn before talks lapsed.
Most intriguingly, TechCrunch appears to have got hold of internal Yahoo documents estimating FaceBook revenues this year will be $50m and projecting that the site will achieve earnings before interest, tax, depreciation and amortisation of $1bn by 2015.
Mind you, 2015 is a long way off and all sorts of things could happen before then in the febrile world of social networking. There is probably a social network for five-year-olds starting up soon that could be a power in the land by then . . .
