Digital Sky Technologies

Facebook Valued at $6.5 Billion for Employee Share Sale

Authored by Mark Hefflinger on July 14, 2009 - 8:51am.

San Francisco - Online social network Facebook has been valued at $6.5 billion for a transaction that will see Russia's Digital Sky Technologies purchase some $100 million worth of employees' shares in the company for $14.77 per share, Reuters reported. The deal will boost Digital Sky's stake in Facebook to as much as 3.5%.

Facebook Receives $200M Investment at $10 Billion Valuation

Authored by Mark Hefflinger on May 26, 2009 - 8:47am.

Palo Alto, Calif. - Confirming reports from last week, online social network Facebook on Tuesday announced that it has received a $200 million investment from Eastern European financing group Digital Sky Technologies (DST), which received a 1.96% equity stake in the company, valued at $10 billion for the transaction. "A number of firms approached us, but DST stood out because of the global perspective they bring -- backed up by the impressive growth and financial achievements of their internet investments," said Facebook CEO Mark Zuckerberg.