When $1.6M Oops Billion Isn't Enough.
I'm off to Melbourne for meetings which will be a welcome change from dumping 10,000 words and too many charts and graphs into a word document !! So the Crunch'd YhooBook graph is looking a bit familiar. Ping me if u need to, I have some windows after lunch today and tomorrow am - I may go to that Clickaholics event in Prahran 7pm tonite that Under The Rotunda Pascoe linked to Kinga + Switters !
TechCrunch : "Things really heated up mid year. Yahoo proposed a $1 billion flat out acquisition price based on a model they created where they projected $608 million in Facebook revenue by 2009, growing to $969 million in 2010. By 2015 Yahoo projects that Facebook would generate nearly $1 billion in annual profit.. These revenue projections are based on robust user growth. By 2010, Yahoo assumes Facebook would hit 48 million users, out of a total combined highschool and young adult population of 83 million. Our sources say that 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."
TechCrunch : "Things really heated up mid year. Yahoo proposed a $1 billion flat out acquisition price based on a model they created where they projected $608 million in Facebook revenue by 2009, growing to $969 million in 2010. By 2015 Yahoo projects that Facebook would generate nearly $1 billion in annual profit.. These revenue projections are based on robust user growth. By 2010, Yahoo assumes Facebook would hit 48 million users, out of a total combined highschool and young adult population of 83 million. Our sources say that 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."
posted by redbarren at 8:15 AM
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