News.com.au – FACEBOOK, the social network website, is holding discussions with hedge funds and private-equity investors to raise $US260 million ($286 million) in financing, the Wall Street Journal reported overnight.

The report of the talks for additional funding comes a day after Microsoft announced it would pay $US240 million for a 1.6 percent stake in the Web phenomenon.

The Wall Street Journal, citing people familiar with the matter, said an announcement of additional funding could be just several days away.

Facebook was not immediately available to comment.

Microsoft’s deal valued Facebook at $US15 billion.

Read Complete Article

Comments are closed.