Goldman Invests $450m in Facebook

Monday Jan 3rd 2011 by Datamation.com Staff
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A new deal values the social networking company at $50 billion.

Financial Times: Privately held Facebook has received a new $500 million investment that includes $450 million from Goldman Sachs and $50 million from Russian investment firm Digital Sky Technologies. The Russian company previously was believed to own 10 percent of Facebook's shares.

The deal values Facebook at $50 billion, more than the value of Time Warner, Yahoo and Ebay.

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