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FACEBOOK has raised $US500 million from Goldman Sachs and a Russian investor in a deal that values the company at $US50 billion, according to sources. The deal makes the popular social networking site worth more than companies such as eBay, Yahoo! and Time Warner.
The Goldman-Facebook deal is a milestone for Mark Zuckerberg, the company's chief executive, who will gain a powerful ally in the investment bank.
Jan. 4 (Bloomberg) -- Goldman Sachs Group Inc.’s plan to offer clients up to $1.5 billion in Facebook Inc. equity may invite U.S. regulators to take a closer look at whether the owner of the world’s most popular social-networking site is circumventing disclosure rules, securities lawyers said.
Is Goldman Sachs' Facebook deal worthy of SEC scrutiny? The New Yorker's John Cassidy yesterday reacted to the news of the deal paging SEC chief Mary Shapiro: "once again the boys and girls at Goldman Sachs appear to be making a mockery of you and your colleagues."