Russian firm Digital Sky to invest in Facebook: WSJ

23 May 2009

A Russian Internet-investment group, Digital Sky Technologies, has offered to invest $200 million in Facebook Inc, The Wall Street Journal reported today. 

According to the newspaper it was unclear whether Facebook had responded to or decided to accept the offer.

The deal, if it takes place, will value the social networking site at $10 billion.

The offer comes as the social-networking company has been talking to a range of venture-capital and private-equity firms about raising more money to help fuel its growth, the report said.

Facebook chief executive Mark Zuckerberg told the Reuters Global Technology Summit this week that, "If there's an investment to be done on very good terms, we will consider it if for no other reason than to have more buffer if we want to do something in the future."

The DST proposal is the latest in a string of funding offers Facebook has received, according to WSJ.