Saturday, May 18, 2013 GMT

Jan 05 2011

Facebook or Facecrook? IPOs Are a Thing of the Past

This week the world discovered that Goldman Sachs and Russian investor Digital Sky Technologies are planning to invest $500 million in Facebook, a deal which values the company at $50 billion.

As a part of the deal, Goldman also plans to raise $1.5 billion by peddling $2 million stakes in Facebook among its most wealthy clients.  [...]