Facebook-Goldman Sachs offer excludes the US

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Facebook LogoGoldman Sachs clients in the United Sates will be excluded from a US$1.5 billion private share offer in the popular social network Facebook, according to the Wall Street Journal, after media attention may make its private share offer invalid under US law.

The company said in a statement that it wasn’t “required or requested by any other party” – including the Securities and Exchange Commission (SEC).

The Facebook offer has become under intense media scrutiny, as the deal would see Facebook exploit a loophole that would see Goldman Sachs as one investor, representing a bunch of other investors, allowing it not to reveal the identity of its investors after a certain cap.

It appears that US investment is not really needed, as many international investors have ordered Facebook shares – and Chinese demand is pretty high, according to an informed source talking to the Wall Street Journal. Another source is being quoted that Goldman is requesting the money to be paid by the end of this week.

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