Mark Zuckerberg: Financing "Almost Wrapped Up"

Posted by: Rob Hof on October 17, 2007

On the $15 billion question of the moment, that being the valuation Facebook is believed to be seeking in a private funding, Mark Zuckerberg had some brief but interesting answers on stage a few minutes ago at the first session of the Web 2.0 Summit in San Francisco.

Cohost John Battelle: “So how’s the financing going?”
Zuckerberg: “It’s going well. We’re almost wrapped up.”

Battelle (taken aback but recovering nicely): “Aren’t you selling short at $15 billion?”
Zuckerberg: “We’ll see.”

OK.

He also implied that an IPO is “years out.”

So it would appear that someone, at least—Microsoft? Google? Who knows?—is indeed ready to pay a whole bunch of pretty pennies for a piece of the Web phenom called Facebook.


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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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