Leading online social networking website Facebook Inc. has received a $500 million investment from investment bank Goldman Sachs Group Inc. and a Russian investor.
The capital infusion assumes a valuation of $50 billion for Facebook, the social networking site with 500 million users worldwide, which last month became the most-visited website in the United States.
Goldman, the New York-based bank, invested $450 million, while Russia’s Digital Sky Technologies contributed $50 million in cash, according to a report by the New York Times' Dealbook.
I wonder why they may have done that !!!