Facebook, whose dizzying growth in recent years has been rumored to put a growing strain on its finances, has sold a stake to investment firm Digital Sky Technologies (DST) for US$200 million.
DST, which invests mostly in Internet companies from Russia and Eastern Europe, has acquired Facebook preferred stock equivalent to a 1.96 percent equity stake.
The investment gives Facebook a $10 billion valuation, a third less than the value of the social-networking company when it sold a 1.6 percent stake for $240 million to Microsoft in October 2007.
More: http://www.pcworld.com/article/165504/facebook_gets_200m_cash_infusion.html?tk=nl_dnx_t_crawl
DST, which invests mostly in Internet companies from Russia and Eastern Europe, has acquired Facebook preferred stock equivalent to a 1.96 percent equity stake.
The investment gives Facebook a $10 billion valuation, a third less than the value of the social-networking company when it sold a 1.6 percent stake for $240 million to Microsoft in October 2007.
More: http://www.pcworld.com/article/165504/facebook_gets_200m_cash_infusion.html?tk=nl_dnx_t_crawl
