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This isn’t going to alleviate the pressure on Yahoo, which is being pushed from all sides to acquire Facebook whether or not it’s the right deal. The Journal, quoting “people familiar with the matter,” is reporting that talks with Facebook are continuing but aren’t making progress. That isn’t new — this dialogue has been off and on for months. The Journal, which reported the discussions last month, says Yahoo lowered its roughly $1 billion bid to $800 million when Facebook’s numbers didn’t show the kind of growth Yahoo expected. (Does that explain the timing for Facebook’s opening the doors to anyone who wants an account?) Now they’re back up in the $1 billion range.
Either Yahoo will have to up the ante past $1 billion or Facebook will have to feel more impetus to sell.