Goldman Valuation Makes Facebook Worth More Than Time Warner
January 3, 2011
(ChattahBox U.S. News)—Facebook may still be reluctant to go public, but that isn’t stopping the social networking behemoth from accepting a $450 million investment from Goldman Sachs and another $50 million from Russian investment firm Digital Sky Technologies, which has previously invested about half a billion into Facebook. During the recent deal, Goldman valued Facebook at $50 billion, which makes it more valuable than Yahoo, eBay, or Time Warner, the New York Times reports.
Facebook plans to use the recent investments to develop new products, hire new talent, and potentially acquire additional companies while remaining private. The SEC is already investigating the growing market for private investments in internet companies to determine whether some companies may be “using the private market to get around public disclosure requirements,” the Times reports.
If Facebook is feeling any pressure to go public, the company’s CEO Mark Zuckerberg isn’t sweating it yet, telling insiders in November, “Don’t hold your breath,” the Times notes.