Facebook Valued at $10 Billion in Latest Deal

Facebook doles out a 1.96% equity stake for $200 million -- meaning the company either lost $5 billion in value, or gained $6 billion, depending on how you look at it.
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How's this for a Silicon Valley drinking game? How much is

Facebook

worth?

Ask a room full of venture capitalists and tech financiers and you'll get a whole host of answers. But according to one Russian internet investment group, the answer is a cool $10 billion. Now, they have skin in the game.

Today,

Digital Sky Technologies

plunked down $200 million for a 1.96% stake in Facebook, the global social networking behemoth founded by Internet wunderkind Mark Zuckerberg. In buying the preferred stock, DST also said in a release that it will purchase at least $100 million in stock from existing holders to "facilitate liquidity for current and former employees' vested shares in the company."

"A number of firms approached us, but DST stood out because of the global perspective they bring -- backed up by the impressive growth and financial achievements of their internet investments," Zuckerberg, CEO of Facebook, said in the same release. "We're looking forward to working with the DST team."

It's not clear what the company plans to do with the extra cash, but in saying nothing in the statement, Zuckerberg might have said everything. Back in October 2007,

Microsoft

(MSFT) - Get Report

bought a piece of the Facebook action for $240 million. With a return 1.6% equity stake, Facebook was valued then at $15 billion. Though Facebook skyrocketed from around 50 million active users at the time to a Facebook-claimed total of 200 million users today, somehow the company lost value -- by a lot.

After the Microsoft deal, which was trading up 66 cents, or over 3%, by afternoon trading, it was also reported that Facebook valued themselves at $3.7 billion, according to a legal document.

Did the company lose $5 billion or gain $6.3 billion with today's announcement? Who knows? But the valuation does add vodka in another round for the drinking game.

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