Facebook raising $150 million for employee stock

“Facebook Inc. is reportedly raising $150 million to buy stock owned by hundreds of its workers.

The Venturebeat blog reported on Saturday that the deal isn’t competed but that the money is coming from existing investors including Palo Alto-based Accel Partners, San Mateo-based Greylock Partners and San Francisco-based Founders Fund. Unnamed new Asian investors are also reportedly involved.

The blog reported that about 15 million shares of employee stock will be purchased for $10 a share.”

 

Tags: employee stock, Facebook, Linkedin