Facebook Now Valued at $65 Billion
NEW YORK - Facebook's valuation continues to climb with a latest investment putting it at $65 billion.
That is up 30 percent from a $50 billion valuation assumed in a January investment by Goldman Sachs and Russian investor Digital Sky Technologies.
A group of ex-Facebook employees have pooled their shares in the social network and agreed to sell them to investment firm General Atlantic for $65 million, CNBC reported. Their shares, about 2.5 million, represent a stake of only a tenth of 1 percent.
Facebook, led by CEO Mark Zuckerberg, must approve the transfer of shares to finalize the deal.
Facebook and General Atlantic declined comment, according to CNBC.