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Facebook was valued at $50 billion in a recent investment

Facebook was valued at $50 billion in a recent investment

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Facebook is the world’s No. 1 Internet social networking firm. and it  was valued at $50 billion in a recent investment by Goldman Sachs and Russian investment firm Digital Sky Technologies.

Media reports pegged at $500 million, gives Facebook a richer valuation than established Internet giants such as Yahoo Inc and eBay Inc and raises questions about when Facebook might pursue an initial public offering.

Goldman has invested $450 million, and Digital Sky Technologies, which has already invested about half a billion dollars in Facebook, put in an additional $50 million, the New York Times reported, citing people involved in the transaction.

Facebook and Goldman  declined to comment on the report. and Digital Sky Technologies could not be reached for comment.

Goldman is planning to create a special purpose vehicle to allow its high-net worth clients to invest in Facebook, the New York Times reported.

It has the right to sell a part of its stake, up to $75 million, to Digital Sky Technologies, the New York Times reported.

Facebook would not likely undertake an IPO until sometime after late 2012.

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