Yahoo’s "Project Fraternity" aka "Acquire Facebook"

Some internal documents from Yahoo! were leaked detailed their attempts to purchase Facebook. There are some very interesting things supposedly included. Things we already know: that they offered $1 billion and Facebook flatly rejected it…but also they were ready to go as high as $1.62 billion when the talks broke down! $1.62 BILLION!
The reason they are willing to go so high for the site? They are projecting Facebook to make $1 billion in annual profit by 2015! Love these numbers, they are throwing around the word billion like it’s a common denomination.
With the recent regime change at Yahoo it wouldn’t be too surprising for these talks to start up again. Can anyone say $2 billion?