21 Jan '11, 11pm

Facebook announces that it raised US$1.5 billion in a private share offering

Facebook announces that it raised US$1.5 billion in a private share offering

Facebook said Goldman Sachs completed an oversubscribed offering to its non-US clients in a fund that invested US$1 billion in Facebook Class A common stock. -- PHOTO: AFP SAN FRANCISCO - FACEBOOK announced on Friday that it had raised US$1.5 billion (S$1.92 billion) in a private share offering that valued the social network at approximately US$50 billion. 'Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing,' Facebook chief financial officer David Ebersman said in a statement. 'With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead.' Facebook said Goldman Sachs completed an oversubscribed offering to its non-US clients in a fund that invested US$1 billion in Facebook Class A common stock. It said Russia's Digital Sky Technologies, The Goldm...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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Facebook to unveil financials, raises $1.5 bill...

sg.finance.yahoo.com 21 Jan '11, 11pm

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Facebook to unveil financials, raises $1.5 bln

sg.finance.yahoo.com 22 Jan '11, 3am

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