Facebook's $200M investment values company at $10B
ByABC News
May 26, 2009, 5:36 PM
NEW YORK -- Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion.
The investment gives Digital Sky Technologies a nearly 2% stake in the Palo Alto, California-based company's preferred stock. The deal presumes the company is worth $10 billion.
This is below the $15 billion valuation implied by a 2007 investment from Microsoft., 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 $3.7 billion, according to details revealed in a legal settlement.