Facebook’s “On-The-Block” Block Party

And BW joins it…the non-story about college social networking site Facebook‘s being on the block, which it has been for a while and everyone, including Viacom, has looked at it multiple times, parsed the valuation and options, and still could not think of a logical business reason for ponying up that kind of money.

What I do know, from my sources, is that Facebook closed on a “huge round” of funding last week. So I would say the acquisition part is off the table, for now. BW’s $2 billion figure is at best, hearsay, and at worst, media manipulation.