Investment firm General Atlantic LLC is investing in Facebook, valuing the leading social network at about $65 billion, according to a report on CNBC. General Atlantic is purchasing a block of roughly 2.5 million Facebook shares from former Facebook employees, giving the firm a 0.1 percent stake in the company, CNBC said.
Palo Alto, California- based Facebook said in January it raised $1.5 billion in a financing round led by Goldman Sachs Group (GS). That transaction valued the company at $50 billion, the world’s most popular social-networking site said at the time.
General Atlantic’s investment represents a 30% boost from Goldman’s big investment in January.