Wednesday, August 17, 2011

Facebook valued $ 65 billion

U.S. advertising group Interpublic Group, holds a small stake in Facebook since 2006, has granted, Monday, August 15, half its share in the social network based on an enterprise value of 65.5 billion dollars (45.54 billion euros). Interpublic, which owned 0.4% of Facebook, has reduced its stake in half by selling shares to an anonymous buyer for $ 133 million (92.5 million), the company said in a statement.

However, this transaction was made on the basis of a valuation rather than the latest figures reported by the media for the IPO described by Facebook. In mid-June the CNBC financial television channel claimed that the leading social networks, which claims 750 million registered can be valued at over $ 100 billion  during an IPO which could be early 2012.

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