July 13 (Bloomberg) -- Facebook Inc.’s employees that plan to sell their stock under an agreement with Digital Sky Technologies will receive $14.77 a share, putting the company’s value at $6.5 billion, according to a person familiar with the matter.
Digital Sky Technologies will buy as much as $100 million of Facebook common stock from eligible current and former employees, said the person, who declined to be identified because the matter is confidential.
Digital Sky Technologies, a Russian investment firm, made a $200 million investment in Facebook in May, valuing the Palo Alto, California-based company at $10 billion. That investment consisted of preferred shares. Employees typically hold common shares, rather than preferred stock.
“This is recognition of Facebook’s growth and progress towards making the world more open and connected,” Facebook Chief Executive Officer Mark Zuckerberg said in an e-mailed statement.
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