Facebook’s Valuation Heading North Again

TECH CRUNCH -- May 22 -- A few days ago, we reported that Facebook turned down an investment term sheet that placed their value at $8 billion. Now that valuation number has jumped to $10 billion thanks to an offer from Digital Sky Technologies, a Russian tech investment company, that wants to invest $200m. The company would also buy between $100 million and $150 million in common stock at a $6.5 billion valuation. It’s not clear if Facebook has responded in any way. FULL ARTICLE @ TECH CRUNCH

 

See all posts on Facebook