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Facebook employees get $14.77 per share offer from DST
by Dominic Rivera on July 13, 2009 | 0 Comments | News

facebookIf you are a Facebook employee, now is the chance for you to become rich. We know you’ve been holding on to your shares and wishing that one day… just one day, you’ll wake up rich.

Digital Sky Technologies (DST), a Russian investment firm that invested $200 million to Facebook last spring, announced that it intends to buy up to $100 million in common stock from shareholders whose shares have vested.

DST has pegged the purchasing price at $14.77 per share, giving Facebook about $6.5 billion in valuation. This is lower than DST’s original $10 billion valuation. It is even far lower than Microsoft’s $15 billion. Mark Zuckerberg, Facebook’s founder and CEO, is happy with the purchasing price.

“While individuals must make their own decisions about participating in this program, I’m pleased that the price DST is offering is much greater than the price originally considered last fall,” Zuckerberg said. “This is recognition of Facebook’s growth and progress towards making the world more open and connected.”

So, to all Facebook employees whose shares have already vested, now is your chance. Go sell your shares but make sure not to unload everything. There’s still more upside for Facebook.

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