Facebook deal still hasn't happened
Yesterday, we pointed to a Forbes story saying that Facebook may have received $500 million from two New York hedge funds.
This afternoon, a well-placed source told us no such deal has been made. “People are throwing money, left and right. Maybe it’s on the table, but what does it mean?,” the source told VentureBeat. “That’s different from the company accepting it. The $500 number is rumor and speculation.”
Next Story: Gene-expression tester XDx marks the spot with an $86M IPO bid
Previous Story: Roundup: Yahoo's internet cafes, Smartshopper's backflip, and more
About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
