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Goldman Sachs Invests $450 Million in Facebook

HeadlineJan 04, 2011

In business news, Goldman Sachs has taken an ownership stake in Facebook by investing $450 million in the company. The New York Times reports the move will help Facebook stay a privately held company, thus remaining free of government regulation and from the volatility of Wall Street. The deal may be scrutinized by the U.S. Securities and Exchange Commission. Just last month, the SEC launched a probe into the surge in trading shares of privately held internet companies.

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