« Microsoft's Ballmer: Bidding On 700 MHZ Would 'Alienate The Telecom Industry' | Main | 5 Reasons To Register For SMX West Today! »
Oct. 25, 2007 at 1:08pm Eastern by Greg Sterling
Facebook Raises $500 Million More
It appears that $240 million is not enough. Forbes is reporting that Facebook has raised an additional $500 million from two New York based hedge funds, each contributing $250 million at the same $15 billion valuation. That would mean Facebook has raised about $740 million in this round, giving up roughly 5 percent of the company for the money.
|
Like The Story? Vote For It On Yahoo Buzz!
Send me the monthly search newsletter too! (Learn more about our newsletters and feeds) |
Subscribe To Our Search Feed!         
|
| Share & Bookmark This Story! |
By Greg Sterling
Permalink
Jump To Comments
See Related Stories In: Search Engines: Facebook
