Facebook Takes The $200 Million From Digital Sky Technologies
By Anna Johnson on May 27th, 2009It’s official: Russian Internet investment group, Digital Sky Technologies, has invested $200 million in Facebook in return for preferred stock at a $10 billion valuation.
DST also plans to buy an additional $100 million of common stock at a lower valuation later this year. For its money, DST will NOT get a seat on Facebook’s board of directors.
Notably, the $10 billion valuation is below the $15 billion valuation of Facebook back in 2007 when Microsoft invested in the company.
