NEW YORK: Goldman Sachs Group Inc has prohibited US investors from participating in a private offering expected to raise up to US$1.5bil (RM4.8bil) for social networking site Facebook, citing widespread media coverage that could run afoul of securities guidelines.
The investment bank said it decided to restrict the fund to prospective shareholders in Asia and Europe because it determined that the news coverage could be inconsistent with the laws that govern private placements.
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