Economy
12:48 07/03/2011
Facebook valued at $65 billion
An investment firm looking to take a small stake in Facebook has valued the social networking giant at $65 billion, U.S. financial news network CNBC reported.
Citing sources close to General Atlantic, CNBC said the firm was in the process of acquiring a 0.1 percent stake in Facebook by purchasing 2.5 million shares from that company's former employees, although the transaction has not yet been finalized.
Facebook, which already has more than 500 million registered users worldwide, raised $1.5 billion in January from Goldman Sachs Group and Digital Sky in a private share placing that valued the social networking site at $50 billion.
General Atlantic, an investment firm founded in 1980 that normally makes investments in the $50 million-$500 million range, has previously invested in U.S. luxury-goods retailer Gilt Groupe and Chinese e-commerce firm Alibaba, according to CNBC.
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Newsfeed
17:03
Polish leader: Russia wants to carry out dominant actions in South Caucasus
Polish President Andrzej Duda addressed the Russia-Ukraine war during his visit to Armenia.
“There is also instability in our...
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16:30
EU's Borrell urges Israel to accept ceasefire deal in Lebanon
The European Union's foreign policy chief urged the Israeli government on Tuesday to back a proposed ceasefire deal in Lebanon which he said...
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16:16
Armenian pro-government MP says parliament speaker 'pressured' him
Armenian pro-government lawmaker Hovik Aghazaryan says National Assembly Speaker Alen Simonyan has "pressured" him....
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15:57
CaseKey 2024 Gala hosted with Byblos Bank Armenia's sponsorship
The gala event of the CaseKey Business Case Competition 2024 sponsored by Byblos Bank Armenia took place from November 22-24 at the Dilijan...
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15:35
Polish president vows efforts towards Armenia's integration into European family
Polish President Andrzej Duda expressed readiness to facilitate Armenia’s accession to the European Union.
“We will make every...
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15:00
Putin calls on CIS intelligence agencies to prevent destabilization
Constructive interaction among the intelligence services of the CIS countries is crucial in the context of the current geopolitical tension, and...
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14:45
Armenian ministry denies transboundary water cooperation with Azerbaijan claimed by U.S. envoy
Armenia’s Ministry of Environment has denied any cooperation with Azerbaijan on transboundary water management claimed by a U.S. diplomat....
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14:04
Greece could send Russian air defense systems to Armenia
Greece plans to send S-300 anti-aircraft missile systems, as well as two other types of Russian-made air defense systems, to Armenia and replace...
Source Panorama.am
13:35
Georgia to elect president on December 14
Georgia’s parliament set December 14 as the date for selecting a new president, as lawmakers continue to meet despite an opposition...
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13:05
Azerbaijan transfers Artsakh's Dadivank monastery to Udi community administration
The medieval Armenian monastery of Dadivank located in the Karvachar district of Azerbaijani-occupied Artsakh (Nagorno-Karabakh),...
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12:30
Pashinyan names pick for new tax chief
Prime Minister Nikol Pashinyan has named Eduard Hakobyan as his pick for the tax and customs chief.
"Eduard Hakobyan, who...
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12:02
Armenian top court checks constitutionality of two loan agreements
The Constitutional Court of Armenia has started hearings to check the compliance of two loan agreement terms with the country’s...
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11:38
Welcoming ceremony for Polish president held at Armenian presidential residence
Polish President Andrzej Duda arrived in Armenia on Monday evening.
Today, an official welcoming ceremony for Duda was held at the...
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11:27
Powerful cyclone bringing snow to most parts of Armenia
A powerful northwestern cyclone is making landfall in Armenia on Tuesday, the Hydrometeorology and Monitoring Center warns.
It is forecast...
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11:12
Biden pardons turkeys during final Thanksgiving event
President Joe Biden tapped into his presidential pardon power in the waning days of his tenure Monday, granting clemency to a pair of lucky...
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17:05
Opposition politician: France responded to Pashinyan's 'absurd' comments
Opposition politician Eduard Sharmazanov, a senior member of the Republican Party of Armenia (RPA), claims the French envoy’s latest...
Source Panorama.am
16:30
Israel, Hezbollah reportedly close to a ceasefire deal
A ceasefire deal between Israel and the Lebanese militant group Hezbollah is “very close,” a regional source told CNN on Sunday,...
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16:15
Temperatures set to plunge in Armenia
Rain and snow are forecast for most parts of Armenia from Monday to Friday.
The capital Yerevan will also see precipitation till Thursday...
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16:02
Armenian companies help Russia evade Western gold trade sanctions, study reveals
Hetq, and the Russia-focused independent media outlet The Insider, have revealed that companies in Armenia are aiding Russia to circumvent gold...
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15:36
Major car crash leaves several wounded in Armenia
Several people were wounded in a major car crash in Armenia's Aragatsotn Province on Monday.
The Rescue Service reported that a Nissan...
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15:15
HIV infections rising in Armenia
Health officials have reported an increase in HIV infection rates in Armenia in recent years.
A total of 462 new HIV cases were confirmed in...
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14:36
Cosmetic doctor sues Ronaldo over ‘unpaid’ bill
Footie superstar Cristiano Ronaldo is being sued by a cosmetic doctor over an alleged unpaid £40,000 bill, The Sun reports.
Dr...
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14:06
Russia remains committed to ensuring Armenia's security, envoy says
Russia remains committed to its security obligations towards Armenia, including through the Collective Security Treaty Organization (CSTO),...
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13:32
World Chess Championship kicks off in Singapore
The FIDE World Chess Championship Match 2024 is taking place in Singapore from November 25 to December 13.
The championship is...
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13:01
'Genuinely Yours': ARARAT presents new communication platform
“Genuinely Yours” new communication platform of ARARAT is a new chapter in the history of the brand. ARARAT continues its...
Source Panorama.am
12:36
Azerbaijan used COP29 to step up anti-Armenian propaganda, MP says
Armenia gained nothing in return for supporting Azerbaijan's bid to host the COP29 UN climate summit which concluded on Sunday, opposition...
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12:00
Cargo plane crashes into house in Lithuania, killing one
A DHL cargo plane crashed into a house as it made its approach to land at Lithuania’s Vilnius airport early on Monday, killing one person...
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11:45
Today is legendary commander Monte Melkonian's birthday
November 25 marks the birthday anniversary of legendary Armenian commander, philosopher and warrior Monte Melkonian. He would have turned 67...
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11:30
Fog hits Syunik highlands
The Rescue Service has warned drivers about a closed road in Armenia.
The road linking the Amberd high mountain meteorological station to...
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11:15
World Cadet Championship: Armenia's Tyhran Ambartsumian among leaders
The World Cadet Chess Championship 2024 is coming to a close in Montesilvano, Italy.
CM Tyhran Ambartsumian is among the leaders before...
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