Facebook Valuation Soars Again: $65 billion : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Facebook Valuation Soars Again: $65 billion

March 4, 2011

Facebook Valuation Soars Again: $65 billion

Palo Alto, Calif. (RPRN) 03/04/11 — The rapid ascent remains unbroken, it seems. Earlier this year – and this year is still in its infancy – Facebook attained a $50 billion implied valuation thanks to an investment by Goldman Sachs. Only weeks later, the social media giant was looking to help employees move $1 billion in privately held stock at a valuation 20 percent higher ($60 billion). Now, a deal that is nearing completion could add another 8 percent to the company that has yet to be traded publicly. According to a report by CNBC, investment firm General Atlantic, which has $17 billion in assets under management, is poised to take a small stake in the company at a $65 billion implied valuation.

The stake would amount to only 0.1 percent, approximately 2.5 million shares. Here’s the twist: this is the block of shares Facebook was hoping to sell at the $60 billion valuation. So, the price has essentially gone up since the announcement. At the $65 billion level, this represents a growth in value of 30 percent in only a month and a half. The deal isn’t closed yet, though, as it has to be approved by Facebook. Needless to say, this is the sort of payday employees hope for when a company actually goes public. In this case, they get to benefit before the big day … as long as Zuck’s crew signs off on it.

Media Web Address: http://www.socialtimes.com/2011/03/facebook-valuation-soars-again-65-billion/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+socialtimes+(SocialTimes.com)
About the author:

About Us

RushPR Tools: Public relations platform at www.rushprtools.com

Click here to see all news from this author/company

Filed Under: BANKING AND FINANCIAL NEWS, BREAKING NEWS, Featured, New Media - WEB 2.0, Social Media, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Xpressivo: Bringing Coffee Back

SAN FRANCISCO 07/17/14 · Espresso drinkers – get excited! Now even the most...

Designz23 presenta SEO, avisos Google, Pago Por Click, sitios aptos para móviles

Allentown Y Bethlehem, PA 07/16/14 · – Designz23.com se complace en ofrecer lo último...

Remapping and Insurance: What You Need to Know

LONDON, UK 07/14/14 · With turbodiesels often getting some of the very...

Are Canadian consumers getting fleeced by the life insurance industry?

Halifax, NS 07/08/14 · Consumers have had enough and they want to...

Open Casting Call for W Network’s New Reno Competition Series Game of Homes

VANCOUVER, B.C. 07/08/14 · Casting underway in Vancouver W Network and Great Pacific Television are looking...

Vegan Recipe Cookbook Celebrates 70 years of Vegan

London, UK 07/08/14 · London based health and nutrition consultancy Foods for...

Discover the Benefits of Grand Estates Auction to the Buyer

Charlotte, NC 07/07/14 · Benefits of Grand Estates Auction to the Buyer...

Why Are Brokers considering Grand Estates Auctions? Discover the benefits

Charlotte, NC 07/06/14 · The Benefit of Grand Estates Auction to the...

Grand Estates Auction Company presents Music City Glamour

Nashville, TN 07/05/14 · Redisvoer Music City Glamour: Nashville, Tennessee Nashville is more...

Summertime, And the livin' is easy! PR Summer 2014

San Francisco 06/27/14 · Summertime,  And the livin' is easy!  Enjoy the...

Extraordinary Bay Harbor, MI Estate Sold at Auction for $11 Million

CHARLOTTE, NC 06/26/14 ·  “The Waterfront Jewel of Bay Harbor” is sold...

Devine Contact Now Available At Lowe's

Toronto, ON 06/25/14 · From the artist's canvas to your floor, Devine's...

Ultraseal International celebrates winning two export awards

Birmingham, United Kingdom 06/24/14 · Ultraseal International, the UK company that specialises in...