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Facebook Takes Fight to MySpace

Stock quotes in this article: YHOO , NWS , GOOG , AMZN , MSFT , NILE  

Now we know why Facebook refused to put itself up for sale.

You'll recall last September when word spread that Yahoo! (YHOO Quote) wanted to pay up to $1 billion for Facebook, which it saw as its best chance to leapfrog into a leader in social networking after News Corp. bought MySpace for $580 million.

(Later, a spurious rumor emerged that Google had bid $2.3 billion for Facebook.) ...

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