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    HomeNewsWorldFacebook mulls USD 1 bn employee share sale: Report

    Facebook mulls USD 1 bn employee share sale: Report

    Facebook mulls $1 bln employee share sale - report

    February 11, 2011 / 08:47 IST

    Facebook is considering letting its employees sell up to USD 1 billion of their shares to institutional investors, at a price valuing the company at about USD 60 billion, an influential industry blog reported.


    Facebook is pondering the move after entertaining approaches from a number of major institutions interested in investing in the world's largest social network, the All Things Digital technology blog cited sources as saying on Thursday.


    That valuation would surpass previous measures. Last month, the company founded by Mark Zuckerberg in a Harvard dorm room raised USD 1.5 billion of financing in a round led by Goldman Sachs, which valued it at USD 50 billion.

    Facebook is expected to possibly go public around 2012.

    first published: Feb 11, 2011 08:08 am

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