Monday, January 03, 2011

Reports: Goldman invests $500 million in Facebook

The deal values the social network at $50 billion, making it now worth more than companies like eBay, Yahoo and Time Warner, according to published reports this morning by The New York Times and The Wall Street Journal, which each cite sources they do not identify.

In contrast, based on its current $15.61 share price, Gannett is worth $3.7 billion, according to Google Finance.
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2 comments:

  1. Anonymous1/03/2011 12:49 PM

    So, a couple of kids created something valued at more the 12 times the current value of Gannett? Yet another opportunity missed.

    Imagine if Dubow had used the buyback money for angel funding of something like FB.
    Or Google.
    Could have saved thousands of jobs.

    ReplyDelete
  2. Anonymous1/04/2011 2:28 AM

    There is an astonishing amount of money being put into these new media operations, from Groupon to Facebook. I guess I can see the value of Google, but some of these other operations don't look exclusive enough to survive as a dominant name in their areas of expertise. Some media companies are agile enough they did invest in these. Scripps took a flyer on Shopzilla, a business search engine, which is still coining cash. Gannett has been much too cautious. Moms Like Me and Metromix are hardly breathtaking breakthroughs.

    ReplyDelete

Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

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