• By Owen Thomas
    Jul 23, 2007 12:55 PM 1,867
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    Facebook will cost at least $10 billion, says backer

    Peter Thiel prefers to waitThe Deal has a subscriber-only interview with Peter Thiel, the PayPal founder and Facebook board member, summarized here. Thiel knocks down talk of a Facebook IPO, saying the company wants to wait another 18 months. But this bit, on the prospects of selling Facebook before it goes public, is classic Thiel:

    If we got an offer from someone for $10 billion, we probably would listen to them. I don't think we're going to get that offer, and we're not going to solicit it.
    Oh, really, Peter? Because I think you just did. Solicit it, that is.


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