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Submission + - Goldman invests $450m in Facebook (nytimes.com)

An anonymous reader writes: Goldman Sachs sent Facebook a friend request, and Facebook accepted.

The news that Goldman has taken a stake in Facebook, the white-hot social networking giant, has tongues wagging from Wall Street to Silicon Valley. As first reported by DealBook, Goldman has invested $450 million in a deal that values Facebook at $50 billion. As part of the deal, Goldman is looking to raise as much as $1.5 billion from its wealthy clients to invest in Facebook alongside the firm.

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Goldman invests $450m in Facebook

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The decision doesn't have to be logical; it was unanimous.

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