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Facebook Looks At Tender Offer for $1 Billion of Employee Shares
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msg:4265316
 7:04 pm on Feb 10, 2011 (gmt 0)

Facebook Looks At Tender Offer for $1 Billion of Employee Shares [kara.allthingsd.com]
Facebook is exploring permitting a tender offer up to $1 billion of its employee shares, after being approached by a number of big institutional investors about investing in the company, according to sources close to the situation.

The new approximate valuation? An eye-popping $60 billion, sources said, which is a significant increase to a recent $1.5 billion investment round by Goldman Sachs and its international clients that had pegged the social networking behemoth at a $50 billion valuation.

And the reason? Liquidity, allowing Facebook employees to monetize their privately-held shares, since the company is not likely to have an IPO for at least a year.


 

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