Gasparino: 50/50 Chance SEC Could Terminate Facebook, Goldman Sachs (GS) Deal
Tweet Send to a FriendGet Alerts GS Hot Sheet
Price: $160.73 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +64.0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +64.0%
Trade GS Now!
Fox Business Network's Charlie Gasparino the deal between Goldman Sachs Group Inc. (NYSE: GS) and Facebook Inc. is "not a done deal."
Gasparino reports that the Securities and Exchange Commission is facing substantial pressure to scrutinize the deal.
“The SEC is telling sources close to FOX Business Network that they are under tremendous pressure to scrutinize this Goldman Sachs Facebook deal," Gasparino said. "What they are telling people is that this is not a done deal. Despite everything you are reading the paper, they haven’t given their blessing."
The report says the reason is the rule that allows a company to become public or stay private.
"There is a 50/50 chance this thing could get nixed. If they don’t nix this deal, they are going to do some rules in the future that could nix future deals. Even if it does go through, the SEC is going to clarify this public/private thing and how many investors you can put in there. From what I understand, they aim to make this the last deal of its time.”
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Gasparino reports that the Securities and Exchange Commission is facing substantial pressure to scrutinize the deal.
“The SEC is telling sources close to FOX Business Network that they are under tremendous pressure to scrutinize this Goldman Sachs Facebook deal," Gasparino said. "What they are telling people is that this is not a done deal. Despite everything you are reading the paper, they haven’t given their blessing."
The report says the reason is the rule that allows a company to become public or stay private.
"There is a 50/50 chance this thing could get nixed. If they don’t nix this deal, they are going to do some rules in the future that could nix future deals. Even if it does go through, the SEC is going to clarify this public/private thing and how many investors you can put in there. From what I understand, they aim to make this the last deal of its time.”
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Yahoo! (YHOO) Board Said to Approve $1.1B Tumblr Deal
- New Goldman Sachs Fund Brings Alternative Investments Within Reach of Individual Investors
- Goldman (GS) to Exit ICBC Stake; Could Make 300% on Investment
Create E-mail Alert Related Categories
Insiders' Blog, RumorsRelated Entities
Charles Gasparino
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
