Saturday, January 22, 2011

Facebook Raises $1.5 Billion At $50 Billion Valuation

Facebook has officially announced that it has just raised $1.5 billion in funding at a $50 billion valuation, according to a release issued today (we've embedded the release below). As stated in the release, the investment was broken into two parts. Goldman Sachs participated in the first round (via an offering to its non-U.S. clients in a fund), which totaled $1 billion. In December, DST and Goldman separately invested another $500 million into the social network. Both rounds gave Facebook a $50 billion valuation, says the company. This brings Facebook's total funding to a staggering $2.336 billion.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/RLT72xUaMR4/

OPENWAVE SYSTEMS ON SEMICONDUCTOR NVIDIA

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