Facebook 'raises $500m investment'

A published report says social networking behemoth Facebook has raised $500m (€375m)from Goldman Sachs and a Russian investment firm in a deal that values the company at $50bn (€37.5bn).

Facebook 'raises $500m investment'
Mon, 03 Jan, 2011 - 07:26

A published report says social networking behemoth Facebook has raised $500m (€375m)from Goldman Sachs and a Russian investment firm in a deal that values the company at $50bn (€37.5bn).

The New York Times reported online that Goldman invested $450m (€338m)and Digital Sky Technologies invested $50m (€37.5m).

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