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.

facebook.03.gif

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.

Yahoo (Charts) has placed the value of Facebook at roughly $1 billion, sources told the paper, and Facebook is not reportedly considering any rival offers at the moment, according to the Journal.

Facebook had 13.3 million U.S. visitors in September, down from 14.8 million in August, the paper reported.

An acquisition of Facebook would put Yahoo in position to take on News Corp. (Charts) in the social networking arena. Last year News Corp. snapped up the popular site MySpace for $650 million.

The deal would also give it greater leverage against rival Google (Charts), which announced earlier this week it would purchase the privately held online video sharing site YouTube for $1.65 billion.


Is Facebook worth a billion bucks?  Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.