Facebook Raises $1.5B Led By Goldman

Facebook has gained $1.5 billion as part of a financing round led by Goldman Sachs.

Facebook has gained $1.5 billion as part of a financing round led by Goldman Sachs, The Wall Street Journal reports. In December 2010, Goldman with its funds and Digital Sky Technologies injected $500 million in Facebook, valuing the social networking site operator at $50 billion. The bank also completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion, which also valued the company at $50 billion. Facebook had the option to accept between $375 million and $1.5 billion from the Goldman overseas offering as part of the transaction, though Facebook settled on a $1 billion offering.

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