Facebook Now Valued At $65 billion
Posted on Fri Mar 4, 2011 02:10 PM PDT

facebook200.jpgNEW YORK, New York (X17online) - Facebook's valuation is up 30 percent from the $50 billion valuation assumed in a January investment by Goldman Sachs and Russian investor Digital Sky Technologies, and is now worth upwards of $65 billion.

A group of ex-Facebook employees have pooled their shares, about 2.5 million, and agreed to sell them to investment firm General Atlantic for $65 million, CNBC reports.

Facebook's CEO Mark Zuckerberg, must approve all transfer of shares to finalize the deal.