11 companies that tried to buy Facebook back when it was a startup

Facebook back when it was a startup

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Facebook now has over 1.5 billion monthly active users.

According to The Facebook Effect, David Kirkpatrick's book about the company was founded, Facebook was a very popular M&A target.

As early as 4 months after Facebook's inception, people with money and people representing companies with money began lining up to beg Facebook cofounder and CEO Mark Zuckerberg to take their cash and sell the company.

Obviously, Zuckerberg turned all their offers down. But some offers were much more tempting than you probably realize.

In June 2004, an unnamed financier offered $10 million

Facebook, then TheFacebook.com, went live in February 2004. Just four months later and prior to any outside investment, a 20-year-old Mark Zuckerberg fielded a $10 million offer from an unnamed New York financier.

"He didn't for a minute think seriously about accepting," writes David Kirkpatrick in The Facebook Effect.

Friendster also tried to buy Facebook

According to some documents Business Insider has seen, one early bidder for Facebook was Friendster. But the deal was dependent on Friendster raising another round before Facebook got big on its own. Never happened.

In the summer of 2004, Google came knocking

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Mark and his Harvard dorm-mates rented a house in leafy Palo Alto during the summer of 2004.

It wasn't long before "a couple of Google executives came over to see if there might be a way to work with or even buy TheFacebook," Kirkpatrick reports in The Facebook Effect.

Thanks to UK Business Insider for this great article please click on the link below to read the complete article.

http://uk.businessinsider.com/companies-that-tried-to-acquire-facebook-2010-5

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