Facebook has verified that they have received an offer for a $1 billion buyout. The CEO Mark Zuckerburg announced that they are not selling the website and company and may build towards an IPO worth at least $8 billion.

Mark Zuckerberg:

We are not necessarily focused on what the exit is going to be - whether it’s selling the company or an IPO or when that’s going to be,” Zuckerberg said in an interview. “But we obviously think that there’s a lot of potential to keep growing.”

Peter Thiel:

“It’s going to remain an independent company,” Thiel said in an interview last week. “The plan is to actually build it, maybe at some point take it public, but definitely not to sell it.”