Facebook Rumored to Have Secured $500M Goldman Sachs Investment

Jan 04, 2011


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Facebook is bringing in a $500 million investment from investment bank Goldman Sachs and Digital Sky Technologies, a Russian venture capital firm that has already contributed roughly half a million dollars to the social networking site, according to unnamed sources cited by the New York Times. The companies themselves declined to comment. If accurate, the deal would raise the market valuation of the company to roughly $50 billion.

In addition to direct investments from the two companies, Goldman Sachs is rumored to be preparing to offer its private clients a chance to invest in the social media firm. The fundraising has also rekindled speculation that an IPO may be in Facebook's future some time in the next few years, although founder Mark Zuckerberg has dismissed talk of an IPO as recently as November.

(www.facebook.com)