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By Greg Galitzine

Group Editorial Director

 

The Wall Street Journal is reporting that Yahoo! is in talks to purchase Facebook, with the price tag potentially approaching $1Billion.

 

Facebook is one of the more popular destinations on the Web, ranking among the top 100 most visited sites according to Alexa.com.

 

The social networking site restricts access to those users who are members in an existing network using an e-mail address from a college, high school or selected companies and organizations.

 

Facebook has said it might offer membership to users beyond that restrictive list, which would open the floodgates to millions of users currently not able to access the site. Facebook currently has approximately 9–10 million subscribers. Social networking giant MySpace.com is open to anyone, and as such enjoys over 100 million users.

 

The report also mentions that Facebook has held talks with Microsoft and Viacom.

 

Stay tuned…

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