Facebook Garners $500,000,000 New Financing

  • Feed Type
  • Date
    1/3/2011
  • Company Name
    Facebook
  • Mailing Address
    471 Emerson St Palo Alto, CA 94301-1605
  • Company Description
    Facebook is a social directory that enables people to share information. Facebook increases information flow between people by giving them access to the information that is most relevant to them.
  • Website
    http://www.facebook.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $500,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new money will give Facebook more firepower to steal away valuable employees, develop new products and possibly pursue acquisitions. Investment may also allow earlier shareholders, including Facebook employees, to cash out at least some of their stakes.
  • M&A Terms
  • Venture Investor
    Goldman Sachs
  • Venture Investor
    Digital Sky Technologies
  • Venture Investor
    Undisclosed

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