Report: Facebook Looks for a $2 Billion Bidder

Zuckerberg and friends turned down $750 million offer, says BusinessWeek 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 was sold for $580 million to News Corp. last year, and 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, while MySpace ranks fifth. But’s highly coveted access to college students and recent alumni might draw larger offers.