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Goldman, Digital Sky Technologies invest in Facebook

Facebook has raised USD 500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at USD 50 billion, the New York Times reported citing people involved in the transaction.

January 03, 2011 / 12:51 PM IST

Facebook has raised USD 500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at USD 50 billion, the New York Times reported citing people involved in the transaction.


Goldman has invested USD 450 million and Digital Sky Technologies, which has already invested about half a billion dollars in Facebook, put in an additional USD 50 million, the paper said.


Facebook and Digital Sky Technologies could not be reached for comment. Goldman was not available for comment outside regular US business hours.


Goldman is planning to create a special purpose vehicle to allow its high-net worth clients to invest in Facebook, the paper reported.

It has the right to sell a part of its stake, up to USD 75 million, to Digital Sky Technologies, the paper said.

first published: Jan 3, 2011 12:45 pm

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