Social Networking - Thursday, November 8, 2007
*Facebook Rejected With Up To $100M Overture For China Rival
A Beijing newspaper reports that Facebook offered $85-100M USD to buy Chinese social network Zhanzuo.com. Saavy man on the street Bill Bishop says he is skeptical. Sequoia Capital has invested in Zhanzou, which like Facebook has started by targeting the college crowd. Zhanzou had bought local rival Yoolin last summer.
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