Facebook Gets $1.5 Billion Investment Led by Goldman
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Facebook Inc., owner of the world’s most popular social-networking site, raised $1.5 billion in a financing round led by Goldman Sachs Group Inc., less than the $2 billion it could have received.
Goldman Sachs -- and funds managed by the firm -- along with Digital Sky Technologies invested $500 million in Facebook in December, valuing it at $50 billion, Facebook said in a statement. Goldman Sachs today also completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion, similarly valuing the company at $50 billion.