Latest investment values Facebook at US$52bn

14 Feb 2011

Venture capital player Kleiner Perkins Caufield & Byers has bought US$38m worth of stock from Facebook shareholders in a transaction that values the social networking giant at US$52bn.

This is slightly higher than the investment by DST Global and Goldman Sachs in recent months, which valued Facebook at US$50bn.

Veteran firm Kleiner Perkins Caufield & Byers invested early on in internet success stories Google, and Netscape.

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It missed out on investing in Facebook in 2005, investing instead in social networking site Friendster.

Kleiner Perkins Caufield & Byers recently invested in deal-of-the-day website Groupon and microblogging site Twitter, and invested in social network game developer Zynga in 2008.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years