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

Neurobiologix Launches Methylation Complete Sublingual Enhanced Formula

Austin, TX 07/28/15 · Sublingual Formula Now Includes Additional Bioactive B12 For...

DEA ANNOUNCES 10th NATIONAL PRESCRIPTION DRUG TAKE-BACK

Washington, DC 07/28/15 · DEA Acting Administrator Chuck Rosenberg today announced that...

Publish your press release to 100 digital business news site for $59

New York, NY 07/20/15 · Your press release to be featured on at...

Recombinetics and Newborn Foundation Launch 
Newborn Health Research Institute

SAINT PAUL, MN 07/17/15 · Recombinetics and Newborn Foundation Launch 
Newborn Health Research...

InCycle Becomes Azure Gold Partner

SEATTLE, WA 07/13/15 · InCycle Software, today announced it has achieved a...

Ultraseal's new R-FL-Duplex+ machine sparks interest in casting impregnation

Dusseldorf, Germany 07/08/15 · Ultraseal International attracted great interest in its R-FL-Duplex+...

Dropout announces new website for 2015

London, UK 07/08/15 · The Dropout team are proud to announce the...

Coalition Joins National Coalition for Infant Health

Washington, D.C. 06/25/15 · Newborn Foundation News: Newborn Health leaders convene in DC...

RushPRnews now offers digital news sites +Targeted News outlet Broadcast

SAN FRANCISCO/MONTREAL 06/22/15 · Your press release to be featured on at...

Save our Skies Santa Cruz Launches Petition Urging FAA to Stop the Jet Noise

Santa Cruz, California 06/21/15 · Outraged Citizens fight FAA's NextGenprogram to reclaim quality...