More Financing Rumors: Facebook Near Close of $150 Million to Repurchase Employee Stock
Facebook is close to finalizing a $150 million round of financing which it intends to primarily use to buy back stock from current employees, VentureBeat reports.
According to the report, Facebook will repurchase 15 million shares of stock at $10 each, which is around recent valuations we’ve heard for employee stock in secondary markets and should provide most early employees a substantial return. Accel, Greylock, Founders Fund, and “Asian investors” are said to be participating.
Last month, several rumors circulated around Facebook’s
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