RSS LinkedIn Google Plus

Call us: 0800 014 9884

Facebook in deal with Goldman Sachs

Facebook_in_deal_with_Goldman_Sachs_6611

More good news for Zuckerberg

Facebook has received around $500 million (£320 million) of investment in a deal putting its total worth at £32 billion. Between £240 and £290 million came from investment banking firm Goldman Sachs, with an additional £38-48 million coming from early Facebook investor Digital Sky Technologies. This Russian firm, which also has stakes in Zynga and Groupon, has long-standing ties with Goldman Sachs according to the Forbes blog.

The terms of the deal are still unclear, but according to the New York Times both firms have pledged to raise more money for Facebook from private investors. It also means the social network has reached a value of £32 billion. This puts the social media site ahead of eBay and Yahoo, but well behind Google (£122 billion) and Apple (£193 billion).

Lucrative stocks

Founder and CEO Mark Zuckerberg owns 25 per cent of Facebook; under the new valuation, his fortune could reach as much as £8 billion. This would put him at number 43 in the Forbes rich list, compared to number 212 in March 2010.

The move to secure more investment has fuelled fresh rumours that Zuckerberg may be about to float his share of the company. According to the New York Times, “people involved in the fund-raising effort suggest that Facebook’s board has indicated an intention to consider a public offering in 2012″. However, companies including Facebook, Twitter, LinkedIn and Zynga are currently not really ‘public’, as stocks are trading in private markets; as a result, US regulatory body the Security and Exchange Commission is about to launch an inquiry into this practice.

Written by rachel_hand_swapRachel Hand

Testimonials

"theEword soon became an essential extension to our internal online marketing team."

~ Screwfix Bathrooms ~

  Screwfix Bathrooms

"We are extremely happy with the online visibility achieved through SEO and PPC."

~ Pure Student Living ~

  Pure Student Living

"theEword has consistently produced great results; very happy with the service."

~ Parasol ~

  Parasol

"theEword team has excelled itself in terms of client service, campaign measurement and responsiveness."

~ Linder Myers ~

  Linder Myers

View more of our testimonials »

james_riches_swap

Bing makes ground in September UK search market share Monday 13th of October, 2014by James Riches Bing was the only major search engine to increase its UK market share in September, climbing 0.4 per cent as Google and Yahoo suffered slight dips.

More on this story »

Microsoft releases quick fire messaging app: Skype Qik Wednesday 15th of October, 2014by Martin Lindley Microsoft launches Skype Qik, a new instant messaging service which allows users to send video clips to their friends and family.

More on this story »
james_riches_swap

Google confirms first Penguin update for over a year Monday 20th of October, 2014by James Riches Google has confirmed that the Penguin algorithm was updated over the weekend. Site owners now face an anxious wait to see if they have been affected, either positively or negatively.

More on this story »
theEword - 13 hours ago

We're looking for a Marketing Manager to join our business development team. Interested? Read more here: http://t.co/NUVAzQjceN

Reply Retweet Favourite
theEword - 13 hours ago

In case you missed it, Google updated its #Penguin algorithm over the weekend http://t.co/oO43SGWUOD

Reply Retweet Favourite
theEword - 14 hours ago

Hope everyone has a great week! http://t.co/obstuw2odL

Reply Retweet Favourite
theEword - 14 hours ago

The iPhone is now the perfect smartphone http://t.co/RAtLagfwv1

Reply Retweet Favourite
theEword - 4 days ago

Tweets from accounts you don’t follow will soon appear in your timeline http://t.co/L89MdxcvvZ

Reply Retweet Favourite

theEweekly Wrap: Oct 3 Friday 3rd of October, 2014by Dan Moores

More on this story »

theEweekly Wrap: Oct 10 Friday 10th of October, 2014by Martin Lindley This week: Facebook gets hyperlocal ads, Microsoft CEO has gender pay trouble, and comedy club starts pay per laugh system.

More on this story »

theEweekly Wrap: Oct 17 Friday 17th of October, 2014by Dan Moores theEweekly Wrap: Google readies Android 5.0, HBO plans streaming service, and U2 says sorry

More on this story »

Who loves theEword

Who loves theEword Who loves theEword