Goldman Sachs invests $50 Billion at valuation in Facebook

By on Jan 3, 2011 in Business, United States Comments

Goldman Sachs, a global investment banking and securities firm in New York, was reported to have invested $450 million at a $50 billion valuation in Facebook, which apparently makes Facebook now worth more than eBay and Yahoo.

According to New York Times which was believed to be the first one to have published this news, people who were involved in the transaction revealed that Goldman Sachs agreed to invest a whooping $50 billion at valuation in Facebook.

Under the said agreement, Goldman invested $450 million in Facebook, while Russian investor Digital Sky Technologies, which earlier invested about $500 million, added another $50 million in investment.

In addition, Goldman was said to be expecting a raise of as much as $1.5 billion from investors for Facebook, and may mean that the company may take Facebook public, although the former’s financial performance has not yet been disclosed to the public.

Meanwhile, New York Times noted that the country’s Securities and Exchange Commission is now scrutinizing companies that companies are not listed on a public stock exchange, and this includes Twitter and Facebook.

Nevertheless, the newspaper mentioned that Goldman, Digital Sky Technologies, and Facebook declined to comment.



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