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Goldman, DST Invest $500M In Facebook

Facebook has secured a $500 million investment.

Facebook has secured a $500 million investment, The New York Times reports. The social networking site has received a $450 million investment from Goldman Sachs Group and $50 million from Russian Internet investment firm, Digital Sky Technologies (DST).

As per the deal, Goldman has the right to sell part of its stake, up to $75 million, to the Moscow-based company. Including its newest investment, DST will have invested around $900 million in Facebook and now owns around 10% of company, adds The Wall Street Journal.

Click here for the story from The New York Times.

Click here for additional coverage from The Wall Street Journal.

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