With a $450 million investment in Facebook, Goldman Sachs gets to look cool. Facebook gets capital to help face its competitors, particularly Google. The latest investment in Facebook rises to $500 million when you add another $50 million investment from Russian investors Digital Sky Technologies, which is a Goldman partner. Digital Sky acquired 2 percent of Facebook for $200 million in 2009. The Goldman investment pegs Facebook’s worth at $50 billion, with CEO Mark Zuckerberg’s share coming to about $14 billion.
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Goldman Gives Facebook a $450M Lift
Posted by: Rob Spiegel January 3, 2011 11:14 AMWith a $450 million investment in Facebook, Goldman Sachs gets to look cool. Facebook gets capital to help face its competitors, particularly Google. The latest investment in Facebook rises to $500 million when you add another $50 million investment from Russian investors Digital Sky Technologies, which is a Goldman partner. Digital Sky acquired 2 percent of Facebook for $200 million in 2009. The Goldman investment pegs Facebook’s worth at $50 billion, with CEO Mark Zuckerberg’s share coming to about $14 billion.