Category Archives: Facebook
The deal has not yet closed as it will require the approval of Facebook, but the deal has been agreed to by General Atlantic and selling shareholders.
The last sizable investment in Facebook came from Goldman Sachs Group (NYSE: GS), which valued the company at $50 billion six weeks ago. If the valuation from this deal is true, Facebook would have grown 30 percent in less than two months.
Facebook has yet to announce a timetable for an official public offering, leaving investors searching for shareholders willing to part with the stock