Report says Facebook nets $500 million investment

By ASSOCIATED PRESS
January 3, 2011 10:46




Social networking behemoth Facebook has raised $500 million from Goldman Sachs and a Russian investment firm in a deal that values the company at $50 billion, The New York Times reported.

Goldman invested $450 million and Digital Sky Technologies invested $50 million, the newspaper reported Sunday in its online edition, citing people involved in the transaction that it did not name. Goldman has the right to sell part of its stake, up to $75 million, to the Russian firm.


Related Content

Breaking news
January 23, 2018
Neil Diamond diagnosed with Parkinson's disease, plans to retire

By REUTERS

Israel Weather
  • 9 - 18
    Beer Sheva
    13 - 18
    Tel Aviv - Yafo
  • 8 - 12
    Jerusalem
    11 - 15
    Haifa
  • 12 - 22
    Elat
    12 - 19
    Tiberias