Techcrunch have published these internal Yahoo! documents that show management's assessment of the value of Facebook - albeit from a couple of months ago. The social networking site has been an acquisition target for most of its existence, but the interesting thing is the range of prices that get quoted: US$10 million back in 2004 through to $37.5 million for 5% in the first quarter of this year, with Yahoo! prepared to pay up to $1.62 billion for the full business by the middle of 2006.
According to Techcrunch "Facebook flatly rejected the $1 billion offer, looking for far more. Yahoo was prepared to pay up to $1.62 billion, but negotiations broke off before the offer could be made."
The growth projections are huge and you have to wonder how sustainable it really is, let alone the global potential a buyer would need to squeeze out of it for this price.