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By
Mike Schuster
Dec 12, 2008 3:15 pm
How negotiations between Mark Zuckerberg and Evan Williams broke down.
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On paper, it seemed like a match made in heaven: A partnership between social networking touchstone Facebook, in whom Microsoft (MSFT) owns a 1.6% stake, and microblogging platform Twitter.
Then Evan Williams took over as Twitter's chief executive in October, and, tempting as it was, rebuffed a $500 million offer from Facebook founder Mark Zuckerberg.
He had his reasons. The brains behind an earlier web 2.0 darling called Blogger -- which allows average Joes to overshare at will and sold to Google (GOOG) in 2003 -- Williams didn't think Twitter was ready to be bought out. Too much unfinished business.
Sadly, we weren't there to see the negotiations unfold, but we imagine they went something like this:
No positions in stocks mentioned.
