Again in The Wall Street Journal, in news about the big getting bigger, Goldman Sachs Group and Digital Sky technologies has added $500 million to the Facebook pocket, increasing its valuation to $50 billion.
The interesting thing is Goldman and Digital Sky signed a deal with each other, that will permit Goldman to sell the shares pre-IPO to Digital Sky, increasing the stake Digital Sky Technologies has in Facebook. Should Facebook go public (and it’s unlikely they wont), Goldman Sachs and Digital Sky will make a lot of money. A Facebook IPO may dwarf Google’s IPO (no pressure).
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