PaulPA - 12:07 pm on Sep 21, 2006 (gmt 0)

The Wall Street Journal is reporting in a front page article that Yahoo and Facebook are in discussions. It pegs the deal at nearly $1 billion which is significantly more than News Corp. paid for MySpace (approx. $580 million) a year ago, which is a much larger site.

While I do not have a WSJ link to the full article, basic info on the potenital deal is presented on their website front page [online.wsj.com] and an additional article can be found here [thestreet.com].