$200M Russian Investment Values Facebook at $10B
By Newser Editors and Wire Services
Posted May 26, 2009 11:49 AM CDT
In this photo illustration the Social networking site Facebook is displayed on a laptop screen on March 25, 2009 in London, England.   (Getty Images)
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(Newser) – Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion. The investment gives Digital Sky Technologies a nearly 2% stake in the Palo Alto, California-based company's preferred stock.

The deal presumes the company is worth less than the $15 billion valuation implied by Microsoft's 2007 investment, even though Facebook has grown since then. However Facebook's own appraisal after the Microsoft deal gave the company a market value of about $3.7 billion, according to details revealed in a legal settlement.