Kleiner Invests In Facebook At $52 Billion Valuation

Venture Wire first reported the deal, citing two unnamed investors as sources who said that Kleiner’s $750 million debut digital growth fund is purchasing the roughly one percent stake in Facebook.

While Venture Wire describes the Kleiner deal as raising the value of Facebook to $52 billion from the $50 billion implied by the Goldman Sachs-led investment earlier this year, that makes the social network’s stock sound a lot less volatile than it really is, and leaves out the fact that the venture capital firm appears to have locked in a low price for the shares.

Factor in the auctions that occurred on SecondMarket and SharesPost