Facebook Garners $500,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0e20c67a-ce4b-4273-8861-c145ce385333&Preview=1 -
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
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Venture Investor
Goldman Sachs -
Venture Investor
Digital Sky Technologies -
Venture Investor
Undisclosed
