Friday, May 22, 2009

Report: Russian Group Offers $200M to Facebook

Via The Silicon Valley/San Jose Business Journal.

Another investor has reportedly showed up offering Facebook Inc. $200 millon as the social networking company seeks to buy out employee stock.

The Wall Street Journal reported late Friday that Digital Sky Technologies has offered to invest the money at a $10 billion valuation on the Palo Alto company.

The Journal said the group has also offered to buy between $100 million and $150 million in employee stock at a lower $6.5 billion valuation.

More here.

Some additional background on Digital Sky Technologies here via -ferg


Post a Comment

<< Home