Facebook received another $ 500 million for a 3.3% stake
Today it became known that two more hedge funds from New York joined the Microsoft and Facebook deal . They invested another $ 500 million into the social network, that is, two times more than Microsoft, and, most importantly, the investments were made on the basis of the same market estimate of the project of $ 15 billion
This news refutes the assumptions of some commentators about the overvalued Facebook market valuation. They say that buying a 1.6% stake for $ 240 million actually was a “bribe” for the right to place advertisements on Facebook pages (Microsoft actually received an exclusive contract until 2011). This logical assumption turned out to be wrong.
Additional half a billion investments, which are made without any additional conditions, prove that the real cost of Facebook today is $ 15 billion.