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Both�
The Wall Street Journal and
The New York Times are�
reporting this morning that Goldman Sachs has decided to limit its much ballyhooed private offering of up
to $1.5 billion in Facebook shares to international investors only. The reason? SEC
scrutiny, sparked by
this January 2nd article in
The New York Times announcing Goldman's $450 million investment and creation of a "special purpose investment" vehicle for Facebook. Arguably, as the
Times article created a demand to get in on the private placement, it could effectively be viewed as solicitation by the SEC.
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Source: http://feedproxy.google.com/~r/Techcrunch/~3/QvKUzdlF8ZQ/
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