Facebook Billion-Dollar Buyout Talks Delayed By 22-Year-Old Founder’s Sleep Needs


College-driven social networking juggernaut Facebook.com is in “serious talks” with Yahoo about a possible sale to the Web portal for an amount that could approach $1 billion, according to the Wall Street Journal.

Still, a college dropout’s gotta get his sleep:

During one series of talks with Microsoft, Facebook executives told their Microsoft peers they couldn’t do an 8 a.m. conference call because the company’s 22-year-old founder and chief executive, Harvard dropout Mark Zuckerberg [above], wouldn’t be awake, says a person familiar with the talks. Microsoft executives were incredulous. In an interview, Mr. Zuckerberg declines to comment on any talks. The young entrepreneur says he generally works late — he recalls eating French fries recently in the parking lot of a local McDonald’s restaurant at 3 a.m. — and doesn’t get to work early. “I’m in the office at 10:30 a.m. sometimes,” he says.

Facebook had reportedly been in talks with Viacom about a potential sale. Viacom, you’ll recall, lost out to Rupert Murdoch‘s News Corp. on a potential bid to acquire MySpace — a fumble that ultimately led to CEO Tom Freston‘s dismissal.

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