Technology Slice Blog

Goldman Cuts US Clients off Facebook - GOLDMAN Sachs will exclude US clients from a $US1.5 billion private share offer from Facebook because of "intense media attention". In a statement provided to The Wall Street Journal, Goldman said the move came after officials at the New York securities firm “concluded the level of media attention might not be consistent with the proper completion of a US private placement under US law”." Goldman began notifying clients of its decision regarding the social networking company on Sunday night in Asia, and clients in Europe and the US were being told overnight, according to people familiar with the situation. Goldman Cuts US Clients off Facebook In its statement, Goldman said the decision to limit the $1.5bn offering to “offshore” investors wasn't “required or requested by any other party”, including the Securities and Exchange Commission. A Facebook spokesman said that Goldman “is in the best position to answer any ques...