Deal values Facebook at $50 billion

Politico - On Media - on 3/1/11
Goldman Sachs Loading... and a Russian investor have bought a $500 million stake in Facebook Loading... in a deal that values the private company at a jaw-dropping $50 billion, the New York Times' Andrew Ross Sorkin Loading... and Evelyn M. Rusli report. That's more than Time Warner Loading... , they point out, or, as CNBC Loading... 's Erin Burnett Loading... pointed out on "Morning Joe" this morning, more than Boeing, America's largest exporter. Read more

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Summary

Goldman Sachs and a Russian investor have bought a $500 million stake in Facebook in a deal that values the private company at a jaw-dropping $50 billion, the New York Times’ Andrew Ross Sorkin and Evelyn M. Rusli report.

Mentioned Topics

CNBC, Facebook, Andrew Ross Sorkin, Goldman Sachs, The New York Times, Erin Burnett, Digg, Aaron Sorkin, Russian Language, Time Warner, Google, Twitter

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