Report: Yahoo, Facebook not eye-to-eye yet
Despite coming close in July, there is 'not a tremendous desire on either side' to do a deal, sources tell paper.
NEW YORK (CNNMoney.com) -- Efforts by the online search firm Yahoo Inc. to purchase the social networking site Facebook Inc. are not moving forward, according to a report published Thursday.
Citing sources familiar with the discussions, The Wall Street Journal reported that no purchase is imminent of the closely held Facebook because Yahoo has been slow in its efforts to expand and faced such problems as slower advertising growth and a delayed upgrade to its advertising systems.
The two sides have held talks over the course of the year and the companies were close to reaching a deal in July, but there is "not a tremendous desire on either side" to finish the deal, the paper reported.
Facebook had 13.3 million U.S. visitors in September, down from 14.8 million in August, the paper reported.