Sunday, January 23, 2011

It's Official: Facebook Raises $1.5 Billion

There was never really any doubt, but Facebook has now officially raised $1.5 billion from Goldman Sachs and Digital Sky Technologies in a deal that values the company at $50 billion. In a statement the company put out this afternoon, the social network confirms that a controversial “special purpose vehicle” created by Goldman Sachs to let its high-end clients invest in the social network was “oversubscribed’ and brought in $1 billion, while Digital Sky Technologies and Goldman Sachs together put in another $500 million last month.

Source: http://feeds.paidcontent.org/~r/pcorg/~3/YmE0Ujfb6fM/

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