"Zuckerberg, founder of the Facebook social networking website, has told Yahoo!, the internet giant, that $1 billion is not enough to sell out. Now leaked documents suggest that Yahoo! was willing to raise its bid to $1.6 billion.

Facebook, which he launched as a service for Harvard students in 2004, has become the seventh busiest website on the internet, and with 13m users is the second biggest social network in America."

[technology.timesonline.co.uk ]