Facebook Raises $500 Million in Funding From Goldman Sachs and Digital Sky

Written By Sam on 3 January 2011

Here is really a great news for all the Social Media enthusiasts as Facebook will soon get a huge amount of $500 million which is funded mainly by Goldman Sachs. Along with Goldman Sachs a Russian firm named Digital Sky Technologies also invested in Facebook after evaluation it at $50 Billion.

According to NYT, Goldman Sachs has invested $450 million, and Digital Sky Technologies invested $50 million in Facebook. Moreover this deal makes Facebook now worth more than companies like eBay and Yahoo. Facebook can use this huge Money for acquisitions and strengthen its brand on the Internet.

via NYT

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