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Deal values Facebook at $50bn

Deal values Facebook at $50bn

Facebook has reportedly raised funds from Goldman Sachs and a Russian investor in a deal valuing the social networking site at $50bn (£32.3bn).

The New York Times said that Goldman was investing $450m in Facebook, and Digital Sky Technologies another $50m.

The paper, citing unnamed sources, said the terms of the deal implied a value for Facebook of just over $50bn.

Goldman’s involvement could also raise speculation that Facebook might float on the stock market.

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Read More/Source: BBC News

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