Techcrunch
Duncan Riley
November 18 2007
Facebook is said to have offered $85 million to acquire Zhanzuo.com, a Chinese social networking site with seven million users.
According to The Times, Jack Zhang, Zhanzuo’s chief executive, and Mark Zuckerberg have been discussing the deal but it has not been accepted yet, with a spokesperson saying that the result of the talks will be disclosed towards the end of the month.
The acquisition would give Facebook a base from which it can tap into the growth in what will soon be the worlds largest online marketplace by user numbers.