Yahoo's Talks With Facebook Get Bogged Down
Days after Google announced a $1.65 billion purchase of YouTube, rival Yahoo's efforts to extend its Web reach through an acquisition of Facebook Inc. aren't making much progress, say people familiar with the matter.
While discussions are continuing, no purchase of the closely held Facebook social-networking site is imminent, these people say. They say a deal is unlikely unless Yahoo increases its roughly $1 billion offer or changing business conditions made Facebook's management more inclined to sell.
A Yahoo spokesman said the Sunnyvale, Calif., company would "do deals that we believe make sound strategic and financial sense." A Facebook spokeswoman declined to comment.
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