The deal follows a spate of rumors that Palo Alto-based Facebook has been receiving buyout offers of up to $750 million, but has rejected them in anticipation of an eventual larger deal. BusinessWeek Online speculated three weeks ago that Facebook is seeking a deal worth as much as $2 billion, and that Viacom Inc. of New York was among its potential suitors. "
Friday, April 21, 2006
TheDeal.com - Facebook gets $25M
"The new round includes contributions from leader Greylock Partners of San Mateo, Calif., and new backer Meritech Capital Partners of Palo Alto, Calif., as well as prior investors Accel Partners of Palo Alto, and PayPal founder Peter Thiel. Accel had previously provided about $13 million in Facebook's second round last year, while Thiel invested $500,000 in startup capital in 2004.
The deal follows a spate of rumors that Palo Alto-based Facebook has been receiving buyout offers of up to $750 million, but has rejected them in anticipation of an eventual larger deal. BusinessWeek Online speculated three weeks ago that Facebook is seeking a deal worth as much as $2 billion, and that Viacom Inc. of New York was among its potential suitors. "
The deal follows a spate of rumors that Palo Alto-based Facebook has been receiving buyout offers of up to $750 million, but has rejected them in anticipation of an eventual larger deal. BusinessWeek Online speculated three weeks ago that Facebook is seeking a deal worth as much as $2 billion, and that Viacom Inc. of New York was among its potential suitors. "
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