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Facebook Raises $200M; Now Valued at $10 Billion
Mashable! —
... As part of the deal, Facebook employees are cashing in some of their shares. According to a statement from the company “DST has indicated that it is planning to offer to purchase at least $100 million of Facebook common stock from existing common stockholders that would facilitate liquidity for current and former employees’ vested shares in the company.” ...
Facebook Takes That $200 Million Investment From The Russians At A $10 Billion Valuation.
TechCrunch —
Facebook is taking that rumored $200 million investment from Digital Sky Technologies, a Russian investment group. DST will take a 1.96 percent stake in the company, giving Facebook a $10 billion valuation. Facebook ultimately did not have to give up a board seat to DST in return for the cash.
Additionally, DST has the option to buy another $100 million worth of common stock from existing employees and investors.
Crunch Network: CrunchBoard because it’s time for you to find a new ...
Notable News From the Tech World [GigaOM]
GigaOM Network —
... Facebook takes $200 million investment from Digital Sky Technologies at a valuation of $10 billion (Facebook) ...
Why Facebook Insiders Should Cheer New Valuation
Gawker: valleywag —
... Facebook accepted a rumored funding round, taking $200 million from a Russian investment group. The deal values the company at $10 billion, a third less than what the company was ...
Why Facebook Insiders Should Cheer New Valuation
Valleywag —
... Facebook accepted a rumored funding round, taking $200 million from a Russian investment group. The deal values the company at $10 billion, a third less than what the company was ...
D7: In The Lobby, The Buzz Is About Facebook
BARRONS.com: Tech Trader Daily —
... The social networking company this morning announced that it has received a $200 million investment from Digital Sky Technologies, an investment firm based in London and Moscow with significant interested in Russian and Eastern European Internet companies, at a $10 billion valuation. ...
Facebook’s $200M Cash Cushion May Be a Lifeline [GigaOM]
GigaOM Network —
... Facebook today confirmed that it has received a $200 million investment from Digital Sky Technologies, valuing the Palo Alto, Calif.-based company at $10 billion, significantly less than it was in ...
Facebook Gets Yet Another Valuation
Fast Company - Technology —
... required to appraise the options a company gives its employees, under
IRS Section 409(A). $3.7 billion was the number on that document. But
since we don't know how much stock has been issued--and what kind--it's
still tought to put a real value on the company. What's guaranteed:
Facebook will be facing stiff
competition from other platforms
this year, making its rosy revenue projections even more
unlikely.
See Facebook's official press
release on the DST investment here.
[Via AP
and NYTimes]
Five Questions About the Facebook Deal
Contentinople: —
... the social networking firm for $200 million, it's interesting to see how hundreds of bloggers and reporters handle the news in slathering fashion. Aren't there more questions to be asked? First, let's look at the facts and some of the more interesting tidbits about Facebook so far. Then, I'll pose the five questions I still have about the deal. Here's what we know: Facebook received a $200 million investment from Russian company Digital Sky Technologies (DST). The press release is here . The investment was made by buying preferred stock, representing a 1.96 percent equity ...
Facebook Investment Could Lead to Ill-Advised IPO
Internet Evolution: —
... and an additional $100 million in common stock offered to Facebook shareholders made up of both current and former Facebook employees, according to DST's press release . Founded in 2005, DST is a privately held ...
Facebook Taps Ex-Genentech Exec Ebersman As CFO [GigaOM]
GigaOM Network —
... , Zuckerberg has said the company has no plans to go public. The company recently took a $200 million investment that valued it at $10 billion. ...
Bits: Facebook Employees and Investors Can Finally Unload Stock
NYT > Technology —
... to create its own stock buyback program have fallen through, reportedly because the company could not come to an internal valuation. Mr. Zuckerberg has said that Facebook is not anticipating an initial public offering any time soon. This gives impatient investors and employees a chance to realize some of their gains. If the offer is fully subscribed, as it likely will be, DST will hold a 3.5 percent stake in Facebook. DST signaled its intentions to buy Facebook common stock in its announcement in May. DST spokeswoman Jennifer Gill said that Facebook investors would have ...
Is Speculating On What Private Companies Are Worth A Good Idea?
A VC —
... . Not much more than a month later, Facebook announced that it had taken an investment from Digital Sky that valued the company at $10bn. ...
