View Single Post
Old 06-29-2011, 04:31 AM  
Emma
Confirmed User
 
Emma's Avatar
 
Join Date: Apr 2003
Location: England
Posts: 2,288
GSV Capital Investment Values Facebook At $70 Billion



Main Street investors can now grab a piece of Facebook thanks to Global Silicon Valley Corp., a publicly-traded, closed-end mutual fund, which has bought shares of Facebook.

GSV Capital bought 225,000 shares of the social networking giant at an average price of $29.28 per share or a valuation of about $70 billion. The $6.59 million purchase in a ?private secondary transaction? makes up about 15% of GSV?s portfolio, according to a spokeswoman.

http://blogs.forbes.com/tomiogeron/2...at-70-billion/
__________________

$250 welcome bonus!
Emma is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote