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Facebook Raises $1.5B Led By Goldman
Facebook has gained $1.5 billion as part of a financing round led by Goldman Sachs.
Facebookhas gained $1.5 billion as part of a financing round led byGoldman Sachs,The Wall Street Journalreports. In December 2010, Goldman with its funds andDigital Sky Technologiesinjected $500 million in Facebook, valuing the social networking site operator at $50 billion.
The bank also completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion, which also valued the company at $50 billion. Facebook had the option to accept between $375 million and $1.5 billion from the Goldman overseas offering as part of the transaction, though Facebook settled on a $1 billion offering.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromBloomberg.