Facebook Receives $200 Mil. Investment Boost
Facebook has received a $200 million investment infusion from the European firm Digital Sky Technologies (DST), placing the company’s value at $10 billion, said company officials.
DST’s investment, which was made in exchange for preferred stock, is noteworthy given that less than two years ago Microsoft poured $240 million into Facebook—placing its valuation at the time at $15 billion. Then, Microsoft’s received a 1.6 percent stake in the social networking site; DST’s stake is listed as 1.96
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in