Goldman, Digital Sky Technologies invest in Facebook: report
Facebook CEO Mark Zuckerberg reacts after unveiling a new messaging system during a news conference in San Francisco, California in this November 15, 2010 file photo.
Credit: Reuters/Robert Galbraith
(Reuters) - Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 billion, the New York Times reported citing people involved in the transaction.
Goldman has invested $450 million and Digital Sky Technologies, which has already invested about half a billion dollars in Facebook, put in an additional $50 million, the paper said.
Facebook and Digital Sky Technologies could not be reached for comment. Goldman was not available for comment outside regular U.S. business hours.
Goldman is planning to create a special purpose vehicle to allow its high-net worth clients to invest in Facebook, the paper reported.
It has the right to sell a part of its stake, up to $75 million, to Digital Sky Technologies, the paper said.
(Reporting by Santosh Nadgir in Bangalore; Editing by Lincoln Feast)
Credit: Reuters (www.reuters.com)
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