Facebook, the Internet social networking leader that boasts more than 200 million users worldwide, announced that it has secured a $200 million investment from Digital Sky Technologies, a European investment firm with extensive stakes in Eastern Europe and Russia.
In exchange, DST will get a 1.96 percent equity stake in Facebook — a price that places the value of privately held Facebook at $10 billion. DST will not be represented on the Facebook board or hold special observer rights, a condition similar to Microsoft's investment in Facebook.
Wednesday, May 27, 2009
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