Wednesday, April 19, 2006

Facebook Gets $25M

From PaidContent:

"So as I mentioned first here about Greylock, all the speculation has come to rest: the social networking site Facebook has closed $25 million in funding, from Greylock Partners, and includes earlier investors, Meritech Capital Partners, Accel Partners and PayPal co-founder Peter Thiel. Facebook had raised about $13 million earlier from Accel and Thiel."

From Silicon Beat:

"It has never been our intention to sell the company," said Melanie Deitch, Facebook's director of marketing, adding that the latest funding puts the rumors of such a sale to rest. Late last month, Business Week reported the company had turned down a buyout offer for $750 million and was looking for as much as $2 billion, citing analysts saying that Viacom, owner of MTV, might make a good match.

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