Goldman Sachs is in talks with wealthy investors in a quest to raise $1.5 billion for Facebook, and the deal could take Facebook very close to the line dividing public and private enterprises. Goldman first teamed up with Russian investment firm Digital Sky Technologies, which has already invested $500 million in Facebook, to pump more money into the social network giant. Goldman reportedly put in $450 million and Digital Sky another $450 million. Then, Goldman set Facebook’s value at $50 billion and began soliciting money from the wealthier side of its client base.
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Will Goldman Take Facebook Investors for a Ride in Its Special-Purpose Vehicle?
Posted by: Richard Adhikari January 4, 2011 02:50 PMGoldman Sachs is in talks with wealthy investors in a quest to raise $1.5 billion for Facebook, and the deal could take Facebook very close to the line dividing public and private enterprises. Goldman first teamed up with Russian investment firm Digital Sky Technologies, which has already invested $500 million in Facebook, to pump more money into the social network giant. Goldman reportedly put in $450 million and Digital Sky another $450 million. Then, Goldman set Facebook’s value at $50 billion and began soliciting money from the wealthier side of its client base.