FaceBook gets $200 Million Investment at $10 billion Valuation

May 26 2009, 12:33pm CDT | by Luigi Lugmayr

Facebook today announced that Digital Sky Technologies, has made a $200 million investment in Facebook in exchange for preferred stock, representing a 1.96% equity stake at a $10 billion valuation. The $10 billion does not refer to common stock though. The valuation of Facebook common stock is still unkown.

Digital Sky Technologies has indicated that it is planning to offer to purchase at least $100 million of Facebook common stock from existing common stockholders that would facilitate liquidity for current and former employees’ vested shares in the company. The details of the plan are expected to be announced to eligible participants during the summer.
Via this Facebook announcement.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.