Many industry insiders have speculated that Yahoo would waste no time in striking a deal with Facebook on the heels of Monday's acquisition of YouTube by rival Google. Negotiations between Yahoo and Facebook, however, appear to be losing steam.
Wall Street Journal article today highlights the slow-moving, and at times tenuous negotiations between Yahoo and Facebook. While Google wasted little time in its acquisition of YouTube, it appears talks between Yahoo and Facebook have been in progress throughout most of the year with still no imminent agreement on the horizon. This is yet another sterling example of Yahoo's apparent inability to conduct meaningful business negotiations with other companies. Yahoo seems content to rest on their e-laurels for the time being, displaying no sense of urgency to come to an agreement with Facebook. To quote the WSJ report, "there's not a tremendous desire on either side to get a deal done." These negotiations could cause one to wonder how serious Yahoo is about breaking into the social networking marketplace. Let it not be understated, however, that Yahoo is a giant clearly when it comes to providing web services. A report in
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