$200M Russian Investment Values Facebook at $10B

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% stake in the Palo Alto, California-based company's preferred stock.

The deal presumes the company is worth less than the $15 billion valuation implied by Microsoft's 2007 investment, even though Facebook has 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. (More Facebook stories.)