Facebook valued at $65 billion

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Facebook valued at $65 billion

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Investment firm General Atlantic is investing in Facebook, valuing the leading social network at $65 billion. Facebook is the world's No.1 Internet social network with more than 500 million users.

04 March,2011 09:50 am

General Atlantic is purchasing a block of roughly 2.5 million Facebook shares from former Facebook employees. The deal, which has not closed and requires approval from Facebook, would give General Atlantic a 0.1 percent stake in Facebook, according to the report.In January, Facebook said it had raised $1.5 billion from investors including Goldman Sachs and Digital Sky Technologies, as well as through a private offering to overseas investors conducted by Goldman Sachs, at a valuation of roughly $50 billion.