Monday, January 3, 2011

$1 Billion Isn?t Cool. You Know What?s Cool? $50 Billion. Goldman And Facebook Agree.

While everyone has been busy wondering when Facebook was going to IPO, most were looking past the first question: how is Facebook going to IPO? But not TechCrunch alum Evelyn Rusli and Andrew Ross Sorkin. Tonight the pair are reporting that Goldman Sachs has just led a major new investment in the social network. An investment that values it at a nice round $50 billion. And the likely reason is so Goldman can take Facebook public. More specifically, Goldman has invested $450 million in Facebook while Russian firm (and current large stakeholder) Digital Sky Technologies threw in another $50 million for a total of $500 million in this round. But the round is more complicated than that as apparently Goldman will be able to unload some of its stake to DST, according to the report.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/LA8_SmdA9QU/

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