As instigator of the unofficial Facebook rumor blog, I figured I should cover this story (better late than never)! According to TheDeal.com’s David Shabelman, there’s a good reason Facebook isn’t being acquired: they want way more than they’re really worth.
Yes, we knew that. But it’s not just Zuckerberg that’s pushing for the big bucks: the VCs who funded Facebook are holding out for a better offer as well:
‘We’re so far apart with what we think it’s worth and what other people do it doesn’t make sense for us to have conversations,’ [Facebook director and investor Peter] Thiel said. ‘Either they’re underestimating it or we’re overestimating it, but given that disconnect, it would be a complete waste of time for the company to be talking with people.’