(FT) -- Facebook has raised $500m from Goldman Sachs and Digital Sky Technologies, the Russian investment firm, in a deal that values the social networking site at $50bn, according to the New York Times.
Goldman invested $450m and DST contributed $50m, according to people close to the transaction, the paper reported. Under the terms of the deal, Goldman can sell up to $75m of its stake to the Russian group.
The investment values Facebook at more than Time Warner, Yahoo and Ebay, and follows a surge in the social media company's implied value on the secondary market since last June.
Facebook passed Google as the most-visited website in the US in 2010, according to a recent report from Experian Hitwise, the internet research firm.
DST bought a 2 per cent stake in Facebook for $200m in 2009 and is understood to have increased its stake to about 10 per cent by buying shares from Facebook employees.
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