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Legal Research

: Jenkins Webblits

Facebook Says Spasibo for the 200 Million Bucks

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Facebook has announced that they are taking a $200 million investment (for a 1.96% ownership stake) from Digital Sky Technologies, an investment group based in London and Russia.  DST is getting preferred stock in the deal, but no seat on the FB board.

FB is now valued at $10 billion, 2/3 of what it was when Microsoft pumped $250 million into it back in 2007.

Full post as published by Jenkins Webblits on May 26, 2009 (boomark / email).

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