Facebook.com Valued at $10 Billion
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.