Facebook Raises $1.5B In Private Placement Led By Goldman Sachs - Wall Street Journal

(Updates with additional details)

Social-networking company Facebook Inc. said it raised $1.5 billion, a transaction that included a controversial private placement led by Goldman Sachs Group Inc. (GS) that values the company at $50 billion.

On Friday, Goldman Sachs completed an offering to its non-U.S. clients in a fund that invested $1 billion in Facebook Class A common stock. The other portion included a $500 million direct investment by Goldman ...