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Another $500 million for Facebook?

By Minic Rivera · Posted on October 25, 2007

welcome 3 Another $500 million for Facebook?So yesterday, Facebook got Microsoft to invest $240 million in exchange for 1.6 percent equity stake. The amount placed Facebook’s valuation at $15 billion and made Mark Zuckerberg a $3 billion guy in paper. The story is not over though. Forbes is saying that two hedge funds from New York are bringing in another $500 million.

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Topics: Facebook
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