Facebook Now Valued at $65 Billion
That marks a 30% increase over a Goldman Sachs deal a few weeks ago that had valued the social network at $50 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.
- 'Lindsay' Recap: Lohan Attempts Career Comeback With Self-Proclaimed 'New Chapter'
- 'How I Met Your Mother': Cristin Milioti Debunks Morbid Finale Theory (Video)'
- The Hollywood Reporter's Top 25 Stylist, Revealed
- A Train, a Trestle and 60 Seconds to Escape: How 'Midnight Rider' Victim Sarah Jones Lost Her Life
- 'Divergent' Star Shailene Woodley: The Next Jennifer Lawrence?
- MOST SHARED
- MOST POPULAR
- Zosia Mamet Attends 'Hand To God' Opening Night with Boyfriend Evan Jonigkeit!
- Rita Ora Rocks Sexy Pink Bodysuit for L.A. Music Video Shoot!
- Shirtless Josh Henderson's Six Pack is Unreal in Op's Latest Campaign with Bikini-Clad Nina Agdal!
- Ian Somerhalder & Kristen Bell Set to Present at Kids' Choice Awards 2014!