Facebook: Total value dropped to ten billion
Russian Internet investors have acquired a stake in the online network Facebook. The Moscow-based company Digital Sky Technologies (DST) has invested $200 million and received preferred stock in return.
Russian internet investors have joined the online network Facebook. The Moscow-based company Digital Sky Technologies (DST) has invested 200 million dollars and received preference shares in return, Facebook announced according to SDA.
The stake of just under two percent results in a projected value of only ten billion dollars. This is significantly lower than the valuation Microsoft made a year and a half ago. In October 2007, the software giant paid 240 million dollars for 1.6 percent of Facebook's preference shares, which would have corresponded to a total value of 15 billion dollars. Facebook founder Mark Zuckerberg said that the current valuation was "fair" in view of the changed economic conditions.
In addition to the two percent of Facebook directly, DST wants to buy ordinary shares from existing Facebook shareholders such as employees for at least 100 million dollars. In this context, Zuckerberg denied that Facebook plans to go public soon. "We'll do it when we're ready. But that won't happen in the short term."
The stake of just under two percent results in a projected value of only ten billion dollars. This is significantly lower than the valuation Microsoft made a year and a half ago. In October 2007, the software giant paid 240 million dollars for 1.6 percent of Facebook's preference shares, which would have corresponded to a total value of 15 billion dollars. Facebook founder Mark Zuckerberg said that the current valuation was "fair" in view of the changed economic conditions.
In addition to the two percent of Facebook directly, DST wants to buy ordinary shares from existing Facebook shareholders such as employees for at least 100 million dollars. In this context, Zuckerberg denied that Facebook plans to go public soon. "We'll do it when we're ready. But that won't happen in the short term."
