Goldman Sachs, Digital Sky Technologies Invest in Facebook

According to a report in the New York Times, information are doing the rounds that Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group, Digital Sky Technologies in a deal now valuing Facebook at more than $50 Billion.

According to the report, Goldman Sachs has invested $450 million and Digital Sky Technologies, who already invested more than half a billion dollars in Facebook, provided an additional $50 million.

Goldman Sachs is planning to create a special purpose vehicle to allow its high-net worth clients to invest in Facebook. According to the report, it has the right to sell a part of its stake, of up to $75 million, to Digital Sky Technologies.

Goldman Sachs Digital Sky Technologies Invest in Facebook Goldman Sachs, Digital Sky Technologies Invest in Facebook

Currently, none of the companies could be reached for comments on the information leaked to the newspaper.

Filed Under: NewsSocial Networks

Tags: , ,

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.