View Full Version : Facebook - even worse than your worst nightmares NOW! Goldman Sachs is virtual owner!

Peter Lemkin
01-07-2012, 04:51 PM
Goldman Sachs Just Bought The Facebook IPO

Dan Frommer|January 03, 2011

http://static6.businessinsider.com/image/4cfe6047cadcbb0c56020000/lloyd-blankfein.jpg (http://static6.businessinsider.com/image/4cfe6047cadcbb0c56020000/lloyd-blankfein.jpg)

By investing $450 million in Facebook at a $50 billion valuation (http://www.businessinsider.com/goldman-sachs-invests-450-million-in-facebook-at-50-billion-valuation-2011-1) -- and helping Facebook raise as much as another $1.5 billion, as the NYT reported (http://dealbook.nytimes.com/2011/01/02/goldman-invests-in-facebook-at-50-billion-valuation/) -- Goldman Sachs got a little extra: It's now in the driver's seat to eventually take Facebook public.
Beyond whatever it makes on its investment, the fees will be a great bonus.

Read more: http://articles.businessinsider.com/2011-01-03/tech/30000990_1_facebook-ipo-win-win-goldman-sachs#ixzz1in9UR1I6

Earlier: Goldman Sachs Invests $450 Million In Facebook At A $50 Billion Valuation (http://www.businessinsider.com/goldman-sachs-invests-450-million-in-facebook-at-50-billion-valuation-2011-1)