Goldman Sachs sells 16 per cent stake in website linked to sex trafficking

ShareThis

Goldman Sachs sells 16 per cent stake in website linked to sex trafficking 01 Apr 2012 A private equity fund run by Goldman Sachs Group Inc has agreed to sell its stake in a media company believed to be behind a sex trafficking forum connected to its management, a company spokesman said today. GS Capital Partners III on Friday signed a deal to sell its 16 per cent stake in Village Voice Media, which owns the website, called Backpage.com. The fund began negotiations with Village Voice Media in March, after deciding in 2010 that it had grown ‘uncomfortable with the direction of the company,’ and Goldman’s inability to influence its operations, said Andrea Raphael, a Goldman Sachs spokesman.

Citizens for Legitimate Government

Leave a Reply

We Are Change TV.US