Category Archives: Facebook

StreetInsider.com – Facebook Valued at $65B According to Latest Investment

StreetInsider.com – Facebook Valued at $65B According to Latest Investment

General Atlantic is set to acquire one tenth of Facebook Inc, in a deal that will value the the world’s largest social-networking company at $65 billion, according to a report on Thursday from CNBC citing people familiar with the transaction.

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

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