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 understand our market dynamics

~ Lees Solicitors ~

  Lees Solicitors

"theEword are scrupulously honest and hardworking"

~ Britannia Living ~

  Britannia Living

"theEword consistently go above and beyond"

~ Merlin Entertainments ~

  Merlin Entertainments

"They are so creative, they come up with so many fantastic ideas"

~ Manchester Law Society ~

  Manchester Law Society

View more of our testimonials »

Yahoo urges Firefox users to switch from Google Wednesday 25th of March, 2015by Dan Moores Firefox users who have manually set Google as their default search engine are now confronted with the following message: "Yahoo is the preferred search engine for Firefox. Switch now."

More on this story »
james_riches_swap

March UK search market: Google halts Bing’s recent rise Wednesday 8th of April, 2015by James Riches Google’s UK search market share rose for the first time in five months during March. Elsewhere, Google announced some key developments and lots of us searched for Jeremy Clarkson news.

More on this story »

Bing implements one small change and one big change Tuesday 14th of April, 2015by Dan Moores Over the past week, Bing has implemented two changes. One appears to be directly influenced by Google, while the other demonstrates independent thinking and creativity.

More on this story »
theEword - 2 hours ago

Interested in #creativecontent? We've got just the #job for you > http://t.co/XW7eCZoWbD http://t.co/Ar2q2qR10K

Reply Retweet Favourite
theEword - 19 hours ago

Feeling bamboozled by digital marketing? We bust those pesky myths and reveal the truth > http://t.co/No07wPoxAv http://t.co/G8lrQ5hyPg

Reply Retweet Favourite
theEword - 1 day ago

We'll be hosting a Q&A as part of our event with #Google. To be apart of this send your questions to #GoogletheEword http://t.co/9RVrMnlc4g

Reply Retweet Favourite
theEword - 1 day ago

We're looking someone talented and charismatic to be our relationship manager. Is that you? > http://t.co/e1f4lDnehU http://t.co/iaxlLyLpAe

Reply Retweet Favourite
theEword - 2 days ago

Where better to get your Google questions answered than from Google themselves? #GoogletheEword http://t.co/QNF8zPrqVL

Reply Retweet Favourite

Content and the Customer: the journey Friday 6th of March, 2015by Sian English From acquisition to conversion, content plays a vital role. But have you given much thought to how that role evolves during the customer's journey? Here are the different stages your customers go through with your content.

More on this story »

Light a Fire with Hems de Winter Thursday 19th of March, 2015by Andy Williams Hems de Winter, CEO of de Winter PR, joined Light a Fire for an in-depth chat at BoConcept’s showroom on Great Ancoats Street, discussing his life and career.

More on this story »

Five tips: how to write clear web copy Thursday 2nd of April, 2015by Dan Moores A lot of web copy is unclear and needlessly complicated. It can actually damage your sales because it helps no-one. Here are five ways to make your web copy clear and engaging.

More on this story »

Who loves theEword

Who loves theEword Who loves theEword