1 Comment

Summary:

Facebook is wrapping up $150 million in financing as it seeks to buy back stock from hundreds of its employees, Venturebeat reports, citing…

imageFacebook is wrapping up $150 million in financing as it seeks to buy back stock from hundreds of its employees, Venturebeat reports, citing unidentified sources. This move comes a year after the social net raised an additional $100 million in funding, on top of the $360 million in capital it netted over the previous six months. Since existing backers such as Accel, Greylock, Founders Fund, among others, found it difficult to supply such a large amount this time, Facebook has apparently been turning to Asian investors as it seeks to close out the round.

Last month, Facebook COO Sheryl Sandberg (pictured, right) said the company was doing fine financially, adding that, “We might take money

You’re subscribed! If you like, you can update your settings

  1. Priory of sion Tuesday, June 16, 2009

    Lucky employees

Comments have been disabled for this post