Saudi King to buy Facebook for shutting down

San Francisco, Feb 28: Just months after the rumors of 'Facebook Shutting Down,' another hoax news on Facebook spread like a wildfire on the web. The latest hoax about the acquisition of Facebook by a Saudi Arabian king made Facebook users busy in sharing the message.

An American satirical website, Dawn Wires ,reported that King Abdullah of Saudi Arabia decided to make an offer of $150 billion to buy out Facebook. The report added that the "King is very upset with Mark Zukerberg for allowing the revolt to get out of control."

"Abdullah advised by Goldman Sachs has decided to buy out Facebook and “clean out the weeds". The offer on the table is $150 billion. Facebook balance sheet was shown to King Abdullah and his kingdom advisors had mentioned that it is not even worth $1 billion given that it generates no profit. But the King threw the report into the dustbin and fired his advisors and decided to hand over the investment banking mandate to Goldman Sachs who put the value at $150 billion," the report further claimed.

More over, the spoof story also gave information on Facebook founder and CEO Mark Zuckerberg's meeting with King Abdulla on Jan 25, 2011. Connecting the both facts, many of the readers came to the conclusion that King Abdulla set to acquire the world's favourite social networking website, Facebook.

Most of the readers of this report shared it with their friends and the number reached upto 27,000. But the interesting fact is that the story was tagged in "Sunday Humour" tag! Alas, nobody is going to buy Facebook.

OneIndia News