Facebook has jumped in value from $50 billion to $65 billion, based on a new investment stake. A report on CNBC states that General Atlan...
Facebook has jumped in value from $50 billion to $65 billion, based on a new investment stake.
A report on CNBC states that General Atlantic is buying 0.1% of the company. Facebook’s new valuation is based on the value of that stake, according to the article, which cites “people with knowledge of the transaction.”
The deal has not been closed and required buying roughly 2.5 million shares from former Facebook employees.
In early January, reports made the rounds that Facebook was worth $50 billion after Goldman Sachs and Russian investment firm Digital Sky Technologies invested $50 million in the company.
General Atlantic’s other investments include Gilt Groupe and Alibaba.
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