Facebook's Failed Attempt at Acquiring StudiVZ
According a Herald Tribune article yesterday, Facebook tried to acquire the German Facebook copycat StudiVZ prior to filing a suit against them. How much were they willing to pay for the company? The price is unknown but based on their previous acquisition price, it was going to be more than $134 million. Unfortunately the offer wasn’t enough for StudiVZ and Facebook turned to alternative measures to try to create an end of the popular German social network.
Should Facebook be forced to go forward with an acquisition? Well, if the acquisition were based on traffic numbers, the company should probably be acquired for almost a tenth the price of Facebook since the site only has around 10 million users currently.
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