Saturday, January 22, 2011

Facebook, the site is worth $ 50 billion

The social networking site Facebook said on Friday it had raised $ 1.5 billion, including $ 1 billion to customers of Goldman Sachs outside the United States. "Facebook announced it has raised $ 1.5 billion in a transaction valuing the 50 billion dollars," the Internet giant said in a statement. At this level of valuation, it would be one of the most important marketed in the technology sector of the U.S.

stock market history. Facebook has unveiled information that circulated in the financial press in recent weeks, causing controversy and an investigation by securities regulators over its private offering, which may violate U.S. securities regulation. Faced with this controversy and legal risk, Goldman Sachs said Monday that he would not place shares Facebook to U.S.

customers at risk of offending many of them. "The transaction consisted of two parts: an oversubscribed offering customers outside the U.S., in a fund that has invested $ 1 billion in equity Facebook ordinary," the statement said. The other transaction was made in December. The shareholder Facebook Digital Sky Technologies (DST), Goldman Sachs and a fund managed by Goldman Sachs invested $ 500 million in common stock for the same recovery, "explains the release.

The group, founded in 2004, also said it would begin to publish financial accounts at the latest by April 30, 2012, which can be interpreted as a first step toward an IPO. The site has over half a billion users and competes directly with Internet portals like Google and Yahoo in obtaining advertising revenue.

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