BusinessWeek reports:

Facebook, the Web site where students around the world socialize and swap information, has put itself on the block, BusinessWeek Online has learned. The owners of the privately held company have turned down a $750 million offer and hope to fetch as much as $2 billion in a sale, senior industry executives familiar with the matter say.

To put this into perspective you have to remember that when “maverick” Rupert Murdoch bought Myspace, he paid $580 Million.