New investment values Facebook at USD 65 bn

Investment firm General Atlantic is expected to buy a 0.1 per cent stake in Facebook, an investment which will value the social networking site at USD 65 billion.

The General Atlantic investment involves the purchase of a block of roughly 2.5 million shares of stock from former Facebook employees.

The deal will give the investment firm a 0.1 per cent stake in Facebook. While the deal between General Atlantic and the selling shareholders has been agreed to, it requires the approval of Facebook and so has not yet been closed, the report said.

The last major investment in Facebook, made in January this year, had valued the company at USD 50 billion.