RSS LinkedIn Google Plus

Call us: 0800 014 9884

Facebook in deal with Goldman Sachs

Facebook_in_deal_with_Goldman_Sachs_6611

More good news for Zuckerberg

Facebook has received around $500 million (£320 million) of investment in a deal putting its total worth at £32 billion. Between £240 and £290 million came from investment banking firm Goldman Sachs, with an additional £38-48 million coming from early Facebook investor Digital Sky Technologies. This Russian firm, which also has stakes in Zynga and Groupon, has long-standing ties with Goldman Sachs according to the Forbes blog.

The terms of the deal are still unclear, but according to the New York Times both firms have pledged to raise more money for Facebook from private investors. It also means the social network has reached a value of £32 billion. This puts the social media site ahead of eBay and Yahoo, but well behind Google (£122 billion) and Apple (£193 billion).

Lucrative stocks

Founder and CEO Mark Zuckerberg owns 25 per cent of Facebook; under the new valuation, his fortune could reach as much as £8 billion. This would put him at number 43 in the Forbes rich list, compared to number 212 in March 2010.

The move to secure more investment has fuelled fresh rumours that Zuckerberg may be about to float his share of the company. According to the New York Times, “people involved in the fund-raising effort suggest that Facebook’s board has indicated an intention to consider a public offering in 2012″. However, companies including Facebook, Twitter, LinkedIn and Zynga are currently not really ‘public’, as stocks are trading in private markets; as a result, US regulatory body the Security and Exchange Commission is about to launch an inquiry into this practice.

Written by rachel_hand_swapRachel Hand

Testimonials

"theEword soon became an essential extension to our internal online marketing team."

~ Screwfix Bathrooms ~

  Screwfix Bathrooms

"We are extremely happy with the online visibility achieved through SEO and PPC."

~ Pure Student Living ~

  Pure Student Living

"theEword has consistently produced great results; very happy with the service."

~ Parasol ~

  Parasol

"theEword team has excelled itself in terms of client service, campaign measurement and responsiveness."

~ Linder Myers ~

  Linder Myers

View more of our testimonials »

james_riches_swap

Schmidt defiant on Google privacy efforts Monday 15th of December, 2014by James Riches Google chairman Eric Schmidt has outlined how the company responded in the wake of Edward Snowden’s shock revelations last year, including increased security and privacy measures.

More on this story »

Bing search results removed from Facebook Tuesday 16th of December, 2014by Andy Williams Facebook has completely removed Bing results from its internal search engine, instead focusing heavily on the improvement of their own search capabilities.

More on this story »

Google announces trending topics and videos feature Wednesday 17th of December, 2014by Martin Lindley The new feature is available in over 50 languages and allows users to deeper explore trending topics: to do so the user clicks on a trend of interest to them.

More on this story »
theEword - 4 hours ago

Marketers: if you could send a message to yourself back in time to the start of 2014, what would it say? http://t.co/9kqlzuN11W

Reply Retweet Favourite
theEword - 10 hours ago

Google announces trending topics and video feature: http://t.co/GYYJRatwKR

Reply Retweet Favourite
theEword - 10 hours ago

What is your Christmas tradition? http://t.co/RWBAiuycS9

Reply Retweet Favourite
theEword - 1 day ago

Slowly but surely presents are making their way under theEword tree! What's the best or worst Secret Santa you have received?

Reply Retweet Favourite
theEword - 2 days ago

What do Flappy Bird and Conchita Wurst have in common? http://t.co/IaBIMzscpX

Reply Retweet Favourite

theEweekly Wrap: 5 Dec Friday 5th of December, 2014by Andy Williams This Week: Google to develop child-friendly apps, North Korea denies hacking Sony Pictures and Gangnam Style manages to break Youtube’s view counter.

More on this story »

theEweekly Wrap: 12 Dec Friday 12th of December, 2014by Martin Lindley This week: Google Penguin gets live updates, Microsoft accepts bitcoin, and old iPod sells for thousands.

More on this story »
daniel_nolan_swap

Google Zeitgeist 2014 list reveals the world's search intere... Tuesday 16th of December, 2014by Daniel Nolan See the search terms the world has been looking for this year with Google's 2014 Trends.

More on this story »

Who loves theEword

Who loves theEword Who loves theEword