Russian Internet investment group, Digital Sky Technologies, has offered Facebook Inc. $200 million in venture funding at a $10 billion valuation for Facebook’s preferred stock.

According to The Wall Street Journal, Digital Sky Technologies has also offered to purchase between $100 million and $150 million worth of Facebook common stock at a $6.5 billion valuation.

Will Facebook be willing to give up board seat in order to take the money?

Source: Jessica E. Vascellaro, “Russian Firm Offers to Invest in Facebook,” The Wall Street Journal, May 23, 2009

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This entry was posted on Tuesday, May 26th, 2009 at 7:33 am and is filed under News and Comment, Social Media, Venture Capital. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.