Facebook Gets a Half a Billion in Private Investment

NYTimes (2011-01-03) – Allegedly Facebook has rased $500 million from GodlmanSachs and a Russian investor (Digital Sky Technologies).  On Sunday night, a number of Goldman clients received an email from their Goldman broker, offering them the opportunity to invest in an unnamed “private company that is considering a transaction to raise additional capital.”

property of Facebook

The email sent to Goldman clients warns that recipients who trade in secondary markets where private firms like Facebook trade may want to steer clear of participating because if they opt in they may receive material non-public information on the unnamed company that will restrict future trading.

Another person briefed on the deal said that Goldman clients would have to pony up a minimum of $2 million to invest and would be prohibited from selling their shares until 2013.

read more …

Leave a Reply

Your email address will not be published. Required fields are marked *