Sky High: Russian Investment Group Offers As Much As $350 Million To Facebook

imageRumors of Facebook taking in more money have been circulating for a while now, and now seems it may happen: Digital Sky Technologies, a Russian online investment group, has offered to invest $200 million in Facebook at a $10 billion valuation for the company’s preferred stock, reports WSJ. It has also offered another $100 million to $150 million, in return for Facebook’s common stock, at a $6.5 billion valuation, the story says. This is probably the closest Facebook will ever get to the $15 billion valuation that it got when Microsoft (NSDQ: MSFT) invested in it in 2007. Since then, estimates of “real” valuation have ranged much lower, to as low as $2 billion recently. More at

Robert adds: Digital Sky Technologies has a majority stake in top Russian portal and controls social network Arsenal football club majority owner Alisher Usmanov owns a chunk of DST.


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