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Goldman Sachs invests $450mn in Facebook

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Goldman Sachs has decided to invest $450 million in the popular networking site Facebook along with Digital Sky Technology, a Russian investment firm, which will be investing $50 million.

With this addition, the net worth of Facebook will reach $50 billion.

The global investment banking and securities firm also plans to raise another $1.5 billion for the networking site. A part of this investment would come from the retail investors of the bank.

Premium bank considering more investment
Goldman Sachs is also considering the creation of a “special purpose vehicle” to provide its clients an opportunity to investment in the social networking giant, Facebook.

Till now, Facebook CEO Mark Zuckerberg has denied any report about the possibility of an IPO.

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