Facebook Gains $200 Million Investment
Facebook have recieved a $200 Million investment from a Russian company called Digital Sky Technologies. The Company takes a 1.96 percent stake in Facebook, which gives Facebook a value of $10 Billion. When Microsoft bought their shares for $240 Million, Facebook was valued at $15 billion, this is a drop of $5 Billion! Here’s Forbes take on the investment:
“The $10 billion valuation for Facebook is less than the $15 billion value implied in 2007, when Microsoft spent $240 million for a 1.6 percent stake in the company – 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.”
Read more at TechCrunch.