Facebook's $200M investment values co. at $10B

NEW YORK (AP) - Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion.

The investment gives Digital Sky Technologies a nearly 2 percent stake in the Palo Alto, Calif.-based company's preferred stock. The deal presumes the company is worth $10 billion.

This is below the $15 billion valuation implied by a 2007 investment from Microsoft Corp., even though Facebook has substantially grown since then. However Facebook's own appraisal after the Microsoft deal gave the company a market value of about $3.7 billion, according to details revealed in a legal settlement.

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