Facebook Taps Into Hedge Funds For $500 Million More?
On the conference call yesterday, Microsoft exec Kevin Johnson implied there might be other investors involved when he said, “If you look at this round of financing they are doing that we are in for $240 million . . .” We asked if there were indeed more investors involved, but Facebook’s chief revenue officer Owen van Natta would only say, “Microsoft is the investor we are announcing today.” But that left open the door for another announcement. Anyone who knows the names of the hedge funds involved, please tell us in comments (or send me an e-mail if you really know).