Goldman Sachs Invests $ 450 Million In Facebook

Goldman Sachs Invests $ 450 Million In Facebook

Goldman Sachs has invested $ 450 million in Facebook, as part of an operation involving the network has a valuation of $ 50 billion.

Network spokesman refused to comment on this transaction as reported by The New York Times, citing unidentified sources involved in the transaction.

The implied value of trade was nearly 20 percent less than the valuation of the company reaches the last auction to the private market. Stock was trading at $ 25 per share post share ', implied a total value of 59.4 billion dollars last month.

In the most recent transaction, Goldman has invested 450 million U.S. dollars, while Russian investment company Digital Sky Technologies has bought 50 million, according to the Times. The agreement includes a clause giving Goldman the right to sell up to $ 75 million participation in Digital Sky Technologies.

Digital Sky Technologies has already invested $ 200 million in Facebook during the late spring of 2009, reflecting 10 billion U.S. dollars valuation of the company at that time. Most recent trade has almost quintupled in this section, if the social network is now the allowance of $ 50 billion.

Nothing in the report on the last transaction indicates whether the recent purchase of Sky Digital 50 million dollars in Facebook shares have nothing to do with the Russian company had already planned to buy 100 million in shares as an addendum to the 2009-investments.

All this aside, investors Goldman Sachs to join Facebook is a very strong statement on a social network that the potential for continued growth and potential yield.

The participation of the Wall Street firm is likely to increase speculation about whether Facebook can be pressured to have an initial public offering earlier than expected.