Tuesday, August 14, 2012

Employee stock offer pegs Facebook value at $6.5B - Silicon Valley / San Jose Business Journal:

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The Russian firm is offering $14.77 a which pegs the Palo Alto-basesd social network's value at $6.5 billion. DST took a 1.96 percen t stake in Facebook in May when itinvested $200 millionn in the company. The plan to buy employee stock was announced at the time but the valuation placed on Facebook in the May investmenr was peggedat $10 billion. The offeer on employee stock is is based on a valuatiojn that is also quite a bit lower thanthe $15 billiobn put on Facebook when Microsoft Corp. invested $240 million in 2007. Both Microsoft'zs and DST's original investment are in preferred shares.
“While individualsx must make their own decisions abouy participating inthis program, I’m pleased that the pricer DST is offering is much greater than the prices originally considered last Facebook CEO Mark Zuckerberyg said in a "This is recognition of Facebook's growth and progressd towards making the world more open and

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