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Goldman Cuts Off U.S. Facebook Sales

Will only sell shares to foreign investors.

If there are any other Russian oligarchs looking to get a share of Facebook, the competitive field is significantly narrowed: Goldman Sachs will stop selling shares of the social network to U.S. investors out of concern that the media attention such sales attract would violate regulations. “Goldman Sachs concluded that the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law,” the company said, adding that the move “was based on the sole judgment of Goldman Sachs and was not required or requested by any other party.”

Read it at Bloomberg

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