US$200m investment values Facebook at US$10b
Published: Wednesday | May 27, 2009
Facebook is getting a US$200 million investment from a Russian Internet investor.
The investment gives Digital Sky Technologies a nearly two per cent stake in the Palo Alto, California-based company's preferred stock.
The deal presumes the company is worth US$10 billion.
This is below the US$15 billion valuation implied by a 2007 investment from Microsoft Corp, even though Facebook has substantially grown since then. However, Facebook's own appraisal after the Microsoft deal gave the company a market value of about US$3.7 billion, according to details revealed in a legal settlement.
- AP
