Facebook Receives $500 Million Investment, New York Times Says
by Hugh Collins on Jan.03, 2011, under Towing
Facebook raised a $500 million investment from investment bank Goldman Sachs Group (GS) and an unnamed Russian investor, according to The New York Times.
The deal values the social-networking site at $50 billion, more than companies including Yahoo Inc (YHOO) and Time Warner (TWX), The New York Times said without naming its sources.
The deal could allow some earlier Facebook shareholders,…
Continue reading Facebook Receives $500 Million Investment, New York Times Says
Facebook Receives $500 Million Investment, New York Times Says originally appeared on DailyFinance on Mon, 03 Jan 2011 06:42:00.
Filed Under: Company News, Technology, Media, Goldman Sachs , Facebook
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May 20th, 2010 on 8:58 pm
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