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Facebook has some powerful backers

Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 billion, The New York Times reported citing people involved in the transaction.

BANGALORE – Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 billion, The New York Times reported citing people involved in the transaction.

Goldman is planning to create a special purpose vehicle to allow its high-net worth clients to invest in Facebook, the paper reported.

 
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