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Facebook Turns Down $750MM Offer, Hopes for $2 Billion
With marketing and advertising activity in the social-networking sector heating up, the popular online social network for high school and college students Facebook.com - which has recently put itself up for sale - has turned down a $750 million offer, holding out for as much as $2 billion, reports BusinessWeek (via ediaBuyerPlanner). MySpace is the largest social-networking site - with 23.5 billion logged pageviews in February, second only to Yahoo, Media Life writes. Last month, two-year-old Facebook had the seventh-heaviest traffic levels, with 5.5 billion pageviews.
- MarketingVOX, 29 March 2006