Techcrunch has Yahoo's internal presentation on a proposed acquisition of Facebook, the social network site for college students. Some interesting data on the price the troubled internet media corp was prepared to pay: a valuation of $750m in the first quarter, $1bn by the middle of the year, and $1.62bn by the autumn; always short of Facebook's rising expectations. But tastiest tidbit: Yahoo's name for the plan was Project Fraternity. Delicious, because Mark Zuckerberg, Facebook's abrasive young founder, told confidantes that Yahoo CEO Terry Semel, a 64-year-old trying to be hip with the internet kids, was like an embarrassing uncle.

Contact information for this author is not available.