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. (rushPRnews) 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 / AH Marketing ahmarketinggroup.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

SAAVI’S MOBILE ORDERING SOLUTIONS ARE TURBO CHARGING SALES FOR BUSINESSES WORLDWIDE

Melbourne, Australia 05/20/17 · THE AUSTRALIAN COMPANY IS LEADING THE WAY IN...

Vineet Wankhede Releases his New Book, 'Collateral'

Nagpur, Maharashtra 05/16/17 · The book, Collateral, is written by Vineet Wankhede that revolves around a...

Comcast Partners with SABEResPODER to Help Fight Digital Divide Amongst Hispanics

LOS ANGELES, CA 05/09/17 · A digital literacy campaign will provide technology and...

Discover PigaOne - World's First Foot Gear for All Barefoot Activities

SAN FRANCISCO 05/09/17 · - Making its impact one step at the...

PIGA Inc Introduces PigaONE©, A Neuromuscular Activation Gear

MONTREAL 05/08/17 · - An innovative footwear to stabilize and strengthen...

New Urban contemporary Soul Music from Indie artist Niva the Soul Diva

New York 05/07/17 · Indie R&B soul singer and recording artist ‘Niva...

Drug Trafficking Aryan Brotherhood Methamphetamine Operation Dismantled

San Antonio, Texas 05/03/17 · When a federal judge recently sentenced the last...

QRA Corp Welcomes Carl Daniels as VP of Business Development

Halifax, NS 05/02/17 · QRA Corp, an emerging leader in Design Verification...

UBS taps Microsoft Cloud to power business-critical tech

NEW YORK 04/27/17 · UBS leading the industry in public cloud adoption...

Genomix Nutrition Acquires San Antonio Nutrigenomic Laboratory for Genetic Testing

Austin, TX 04/26/17 · Fully accredited facility to ensure quicker results and...

DDC Outsourcing Solutions Expand Further

London 04/19/17 · DDC Outsourcing Solutions (DDC OS) is a well-established...

Genomix Nutrition Celebrates One-Year Anniversary

Austin, TX 04/17/17 · Austin-based nutrigenomic testing company helping patients determine personalized...