$200 Mil. Infusion for Facebook
NEW YORK Facebook has received a $200 million investment infusion from the European firm Digital Sky Technologies, placing the company’s value at $10 billion, said Facebook officials.
DST’s investment, which was made in exchange for preferred stock, is noteworthy given that less than two years ago Microsoft pumped $240 million into Facebook — placing its valuation at the time at $15 billion. Back then, Microsoft received a 1.6 percent stake in the social networking site; DST’s stake is listed as 1.96
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