General Atlantic Reportedly Values Facebook At $65B
The investment firm General Atlantic is reportedly buying one tenth of a percent of Facebook in a transaction valuing the company at $65 billion.
The latest rumor about investments in Facebook concerns General Atlantic picking up a tenth of a percent stake in the company, some 2.5 million shares, valuing the whole at $65 billion.
CNBC cites unnamed people “with knowledge of the transaction” as the source for a report about General Atlantic, an investment company with $17 billion in assets. While General Atlantic and the selling shareholders have reportedly agreed to the transaction, it’ll require the approval of Facebook and so has not yet closed.
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