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Facebook Seeks Hedge Fund Cash After Microsoft Deal

Social networking site now valued at $15B

By Peter Fearon, Newser Staff

Posted Oct 26, 2007 1:12 AM CDT

(Newser) – After raising $240 million from Microsoft, the social networking site Facebook expects to raise a further $260 million from hedge funds and private-equity investors, according to the Wall Street Journal. The cash will be used to fund an international expansion and a new ad revenue... Read full story »

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Facebook Seeks Hedge Fund Cash After Microsoft Deal

Social networking site now valued at $15B

Face Value

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