The Wall Street Journal reports that the talks between Yahoo and Facebook are in slow motion. WSJ says that Facebook’s business is showing a nice jump after addition of new features. They also point out that….
The site had 13.3 million U.S. visitors in September, down from 14.8 million in August, according to research firm comScore Networks Inc.
Anyway they are right that Yahoo talks are in slow-mo! This is just an update to a story they did back in July. Our sources say that things might have cooled a little in recent days. Of course there is no dearth of suitors for Facebook – Microsoft and even MySpace (just to take out the competition) could make a play for the social networking company based in Palo Alto, Calif. Stay tuned.
In the light of the $1.65 billion YouTube acquisition, looks like valuations might be getting too rich for some of the traditional media companies.