US investment bank Goldman Sachs has limited investment in the social networking site Facebook to non-US investors, according to media reports.
The New York Times reported yesterday that Goldman Sachs had been forced to make the change due to concerns…
US investment bank Goldman Sachs has limited investment in the social networking site Facebook to non-US investors, according to media reports.
The New York Times reported yesterday that Goldman Sachs had been forced to make the change due to concerns that investment would be affected by US securities regulations.
According to the newspaper, the US Securities & Exchange Commission (SEC) had started an inquiry into the offering and the issue of whether the widespread news coverage on the deal contravened the law.
Goldman Sachs was widely reported in early January to have made a US$450m investment in Facebook, which values the social networking site at US$50bn.
Goldman Sachs failed to reply before the press deadline. The SEC refused to comment.
