Exclusive: Facebook Exploring Permitting a Tender Offer for $1 Billion of Employee Shares at $60 Billion Valuation

Facebook is exploring permitting a tender offer up to $1 billion of its employee shares, after being approached by a number of big institutional investors about investing in the company, according to sources close to the situation.

The new approximate valuation? An eye-popping $60 billion, sources said, which is a significant increase to a recent $1.5 billion investment round led by Goldman Sachs that had pegged the social networking behemoth at a $50 billion valuation.

Elisha Cuthbert Ciara Rachel Hunter Heidi Montag Katharine McPhee