NYCE1S
01-11-2011, 06:44 PM
http://blogs-images.forbes.com/halahtouryalai/files/2011/01/Facebook-logo-300x200.jpg
Goldman Sachs just hushed all the Facebook naysayers with a cool $450 million investment in Mark Zuckerberg’s social networking empire.
Dealbook is reporting that the Wall Street giant’s investment values Facebook at $50 billion. Goldman is expected to raise as much as $1.5 billion from some of its high-net-worth investors for Facebook.
According to Dealbook, Goldman has invested $450 million, and Digital Sky Technologies, a Russian investment firm that has already invested $500 million dollars into Facebook, invested $50 million. Further, Goldman can sell part of its stake, up to $75 million, to Digital Sky Technologies whose original investment, at a $10 billion valuation, has increased fivefold, Dealbook says.
Facebook shares have been hot lately with $40 billion traded in November alone through a private exchange market. The company’s value has tripled over the last year year. Almost everyone from veteran investment bankers to retail investors is interested in buying Facebook shares. But the interest from Goldman Sachs will help solidify Facebook’s worth on Wall Street.
The Securities and Exchange Commission if Facebook’s shares are too good to be true. The regulator is asking for information from Facebook, and other social networking sites including LinkedIn, Zynga and Twitter, about the sale of its shares on private exchanges.
It seems the SEC is wondering just how many shareholders Facebook actually has (outside of its own employees). Private companies with more than 500 outside shareholders are required to disclose certain financial information. Some speculate that passing that 500 mark and thus disclosing certain financial information may convince billionaire Zuckerberg to take Facebook public. My colleague Steve Schaefer doesn’t think so.
Whenever Zuckerberg decides to take his social networking empire public one thing is for sure and that’s Goldman Sachs’ likely role as the IPO’s underwriter.
Click this link below for the original story....
http://blogs.forbes.com/halahtouryalai/2011/01/03/goldman-sachs-invests-450-million-in-facebook/
Goldman Sachs just hushed all the Facebook naysayers with a cool $450 million investment in Mark Zuckerberg’s social networking empire.
Dealbook is reporting that the Wall Street giant’s investment values Facebook at $50 billion. Goldman is expected to raise as much as $1.5 billion from some of its high-net-worth investors for Facebook.
According to Dealbook, Goldman has invested $450 million, and Digital Sky Technologies, a Russian investment firm that has already invested $500 million dollars into Facebook, invested $50 million. Further, Goldman can sell part of its stake, up to $75 million, to Digital Sky Technologies whose original investment, at a $10 billion valuation, has increased fivefold, Dealbook says.
Facebook shares have been hot lately with $40 billion traded in November alone through a private exchange market. The company’s value has tripled over the last year year. Almost everyone from veteran investment bankers to retail investors is interested in buying Facebook shares. But the interest from Goldman Sachs will help solidify Facebook’s worth on Wall Street.
The Securities and Exchange Commission if Facebook’s shares are too good to be true. The regulator is asking for information from Facebook, and other social networking sites including LinkedIn, Zynga and Twitter, about the sale of its shares on private exchanges.
It seems the SEC is wondering just how many shareholders Facebook actually has (outside of its own employees). Private companies with more than 500 outside shareholders are required to disclose certain financial information. Some speculate that passing that 500 mark and thus disclosing certain financial information may convince billionaire Zuckerberg to take Facebook public. My colleague Steve Schaefer doesn’t think so.
Whenever Zuckerberg decides to take his social networking empire public one thing is for sure and that’s Goldman Sachs’ likely role as the IPO’s underwriter.
Click this link below for the original story....
http://blogs.forbes.com/halahtouryalai/2011/01/03/goldman-sachs-invests-450-million-in-facebook/