Goldman Values Facebook At $50 Billion (GS)

Loading...
Loading...
Facebook has raised $500 million from Goldman Sachs Group
GS
and a Russian investor,
The New York Times reported on its Dealbook website,
citing unnamed people involved in the transaction. The deal values the company at $50 billion, according to the report. Under the deal GS has invested $450 million and Russian investment frim Digital Sky Technologies, which already sunk about half a billion dollars into Facebook. Representatives of Facebook, Goldman, and Digital Sky declined to comment, the report said.
Posted In: Long IdeasShort IdeasWall Street JournalContractsGlobalTrading IdeasFinancialsInvestment Banking & Brokerage
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...