>Facebook raises $1 billion through Goldman Sachs

>

Facebook announced Friday that it had raised $1.5 billion in new financing led by Goldman Sachs.
The investments include $500 million from Goldman Sachs and the Russian investment firm Digital Sky Technologies, as well as $1 billion from wealthy Goldman clients based overseas.
The round of financing values the social networking giant at $50 billion — more than the market values of Yahoo and eBay. According to SharesPost, a private marketplace, the private shares of Facebook are trading at an implied valuation of $76 billion.
Facebook said in a statement that while it had the opportunity to accept as much as $1.5 billion from Goldman’s foreign clients — after American individuals were shut out of the offering — it chose to limit the amount.

Leave a Reply