During the past two weeks Facebook has got and refused a $200m term sheet for a new venture that’s going to value it for almost $8b. There are also rumors that Facebook has also got another term sheet in which the company has been valued around $6b.
According to some sources, the term sheet, which was based on board of directors’ seat requirement and it wasn’t based on some valuation.
Mark Zuckerberg, Facebook founder says that they have three common seats for stock board and one out these three is still empty while the rest of two are occupied by him and the other by Marc Andreessen.
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