Report: Facebook Looks for a $2 Billion Bidder

Facebook.com is for sale, and its young owners have rejected a $750 million offer with hopes of landing a $2 billion deal, according to a BusinessWeek story posted online Tuesday.

Chris R. Hughes '06, a spokesman for the social networking website, wrote in an e-mail to The Crimson only that the “story is based off of rumors and we don't comment on rumors."

Online social network behemoth MySpace.com was sold for $580 million to News Corp. last year, and Facebook.com is a comparatively smaller operation than MySpace. The venture launched by Harvard undergrads ranks 29th on a list of the most popular English-language sites compiled by Alexa.com, while MySpace ranks fifth. But Facebook.com’s highly coveted access to college students and recent alumni might draw larger offers.