Facebook has announced today that it has raised $1.5 billion in venture from Digital Sky Technologies and Goldman Sachs. Now that Facebook has that money in it accounts the company now rests firmly on its worth of $50 billion.
â€œWith this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead,â€ said Facebook CFO David Ebersman. Facebook is continuing to be a huge hit company that is expanding rapidly and the extra money, as he explains, will help Facebook fund multiple projects to continue the Facebook evolution.
Goldman Sachs invested $450 million and Digital Sky Technologies fronted $50 million of the $1.5 billion dollar funding. The remaining $500 million came from investors overseas who are participating in Goldman Sachâ€™s Facebook investment plan. In the announcement today Facebook’s CFO went on to say that overseas investments could have reached upwards of $1.5 billion but decided to make a cutoff at $1 billion.
With this major investment coming to a close, Facebook will acquire more than 500 shareholders, which will require that Facebook publicly disclose financial results no later than April 30, 2012. Today’s investment was not a surprise to Facebook, who was approached about the investment and decided that, “it was an attractive opportunity to bolster its cash reserves and increase its financial flexibility.â€
Some experts speculate that the newly acquired money will go towards buying a new campus for the Facebook staff, they have had their eyes on the old Sun Microsystems campus for a while now, but only time will tell.