Seeking Alpha
Recommended for you:
Profile|
( followers)  
Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

Yahoo's Talks With Facebook Get Bogged Down [Wall Street Journal]

Summary: Yahoo!, Inc., already faced with a host of problems including slowing Internet ad sales growth and a delayed ad systems upgrade release, is struggling in its attempt to acquire social networking site Facebook Inc. Its difficulty in closing the deal highlights the growing divide between the Internet giant and rival Google, which just announced its swift purchase of video site YouTube for $1.64 billion. An acquisition of Facebook, which is geared toward college students, would ostensibly help Yahoo target a younger demographic and thus lure advertisers. Yahoo is valuing Facebook at approximately $1 billion. The two companies flirted with a deal in July, but Facebook – likely encouraged by the strong mergers-and-acquisition climate suggested by the Google-YouTube deal – appears content to await rival suitors.
Related links: Yahoo: Left in Google's Dust?Is $1 Billion a Fair Price For Facebook?Yahoo Gets GooTubed: Stock Down On Ad CompetitionWSJ: Yahoo in Talks to Acquire FacebookWhy the Facebook/Yahoo Deal Won't Happen So SoonHow a Facebook Acquisition Would Benefit YahooYahoo! Inc. Q2 2006 Earnings Conference Call Transcript
Potentially impacted stocks and ETFs: Yahoo! Inc. (NASDAQ:YHOO), Google (NASDAQ:GOOG)

Seeking Alpha's Wall Street Breakfast summarizes today's key market- and stock-moving news. Receive it by email every weekday morning (free/no spam).

Seeking Alpha is not affiliated with Wall Street Journal.

Source: Yahoo's Facebook Talks Hit Snags