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Monday 19th May 2008
Facebook asserts independence amid takeover talk 11:31AM, Monday 19th May 2008
Facebook founder Mark Zuckerberg has reiterated the importance of independence to Facebook, as rumours of a potential Microsoft bid continue to fly.

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"You can tell, from our history and what we've done, that we really wanted to keep the company independent, by focusing on building and focusing on the long-term," says Zuckerberg.

Microsoft already has a $240 million stake in the company and the Wall Street Journal has claimed the software giant is gauging a bid for the social-networking site, after its failed Yahoo bid.

Asked specifically about the prospect of a sale, Zuckerberg declined to comment.

Microsoft says it has not given up on a deal with Yahoo, but has proposed an alternative to an all-out acquisition.

Zuckerberg, in the past, has resisted selling the entire company, opting to work towards an initial public offering.

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