Goldman Sachs Invests $450 Million In Facebook
Goldman invested $450 million in Facebook, while the Russian investment firm Digital Sky Technologies bought a $50 million stake in the social network.
Goldman Sachs invested $450 million in Facebook, as part of a transaction that implies the social network has a valuation of around $50 billion.
Spokespeople for the social network declined to comment on this transaction as reported by The New York Times, which cited unnamed individuals involved in the transaction.
The deal’s implied value of Facebook makes it nearly 20 percent lower than the valuation the company attained in the last private-market auction. The stock had traded at $25 per share on SharesPost, for a total implied value of $59.4
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