Facebook Takes That $200 Million Investment From The Russians At A $10 Billion Valuation.
Facebook is taking that rumored $200 million investment from Digital Sky Technologies, a Russian investment group. DST will take a 1.96 percent stake in the company, giving Facebook a $10 billion valuation. Facebook ultimately did not have to give up a board seat to DST in return for the cash. But DST is getting preferred shares for it’s $200 million. When Microsoft bought preferred shares , it valued Facebook at $15 billion. Since then the market has come way down and various valuations for Facebook have been thrown out between $4 billion to $6 billion. And recently, Facebook turned down an investment valuing the company at $8 billion, with the stipulation that the investor get a board seat. During a conference call today, CEO Mark Zuckerberg he confirmed that other investors had approached Facebook, saying: “It was really at our option to find someone we wanted to work with on our terms.” No doubt, part of the …
Continued here….
Related posts:
- Russian Investment Firm Poking Facebook For Board Seat When the WSJ broke the story about Russian tech...
- If Facebook Is Worth $10 Billion, Twitter is Worth $1.7 Billion Last week, Facebook took a $200 million investment that...
- Breaking: eBay Completes Skype Sale At $2.75 Billion Valuation eBay has just announced that it has completed the...
- Facebook Rumored To Be Looking For Funding At $5-6 Billion Valuation Facebook is reportedly still in the process of talking...
- Decision Time For Facebook: Term Sheets Received At $2 Billion Valuation Facebook has been pitching for a new round of...