Written by: Steve Patterson 5/26/2009 3:21 PM
Facebook.com received an investment of $200 million the week from Digital Sky Technologies (DTS). The investment was in exchange for 1.96 in equity, thus resulting in a valuation of $10 billion for all the equity. The investor also wants to purchase outstanding shares from employees and others for an additional $100 million.
Facebook continues to grow at an exponential rate and is looking to expanding in other countries outside the US as much as possible. This fact provided DTS an advantage over other interested investors as the company is headquarter in England and Moscow. Facebook management is looking to tap the international knowledge of DTS but will not place a member of the company on it's board.
5 comment(s) so far...
Industrial Computers Face book is really too good website, i like it use it. IT is so good website
Industrial Computers
Face book is really too good website, i like it use it. IT is so good website
Re: Facebook.com Valued at $10 Billion The news doesn't make me so surprised. Most Facebook members use the site every day, and they always invite their friends. That's why Facebook is so so popular. By the way, thanks for the news. :)
Re: Facebook.com Valued at $10 Billion
The news doesn't make me so surprised. Most Facebook members use the site every day, and they always invite their friends. That's why Facebook is so so popular. By the way, thanks for the news. :)
Re: Facebook.com Valued at $10 Billion well, it is the most popular social network in the world so i'm also not as surprised... but 10 billion dollars is much sooo money i don't even have a million dollars on facebook's texas hold 'em poker...
well, it is the most popular social network in the world so i'm also not as surprised... but 10 billion dollars is much sooo money i don't even have a million dollars on facebook's texas hold 'em poker...
Re: Facebook.com Valued at $10 Billion FB very nice website. You can use it for a business purpose as well... i m a fan of FB.Car stereo installation
FB very nice website. You can use it for a business purpose as well... i m a fan of FB.Car stereo installation
Re: Facebook.com Valued at $10 Billion omg thats a loooot, guess it became so popular because of the appl and quizes
omg thats a loooot, guess it became so popular because of the appl and quizes