Facebook has been holdings talks with private equity firms on a new round of funding, but the two sides are dramatically far apart on what the company is worth, according to a story in today’s New York Post. The piece says the company has talked to Providence Equity Partners, General Atlantic, Bain Capital and Kohlberg Kravis Roberts, among others.

The Post says Facebook thinks it should be valued at about $5 billion, but that the private equity firms think it is worth in the $2 billion to $3 billion range.

The story also says that existing investors in Facebook don’t want to be further diluted by another private round. Existing investors include Microsoft (MSFT), Accel Partners, Greylock Partners, Meritech Capital and investor Peter Thiel.