Palo Alto, Calif. – Facebook has raised $500 million in new
financing from Goldman Sachs and previous backer, Russia’s Digital Sky
Technologies, in a deal that values the company at $50 billion, The New York
Times reported, citing people involved in the transaction. The deal notably
gives Facebook a higher valuation than companies such as Yahoo and Time Warner,
and may signal an eventual initial public offering (IPO) for Facebook.
Sachs is expected to raise up to $1.5 billion from investors for Facebook,
sources told The Times.
As a result of the new investment that values Facebook at $50 billion, Digital Sky Technologies will see
its initial nearly half-billion dollar investment in Facebook increase fivefold
in value, while Facebook founder Mark Zuckerberg’s net worth may double, to near