Citing the ever-elusive “people familiar with the matter”, the Wall Street Journal has reported that a Russian Internet investment group has offered to invest $200 million in Facebook. The WSJ said that it is presently unknown whether the popular social networking site has responded to Digital Sky Technologies’ offer. The proposal comes as Facebook is reportedly in discussion with various venture-capital and private-equity firms about generating funds to aid in its growth.
Under the terms of DST's proposed deal, they are prepared to buy between $100 million and $150 million in Facebook common stock at a $6.5 billion valuation. The amount would likely be used to buy up Facebook employees' company shares.
The WSJ reports that Facebook has struggled lately with finding investors, and if this deal is accepted it’d be the first significant funding boost in a year and a half. The company’s chief executive, Mark Zuckerberg has said that they may raise more money, but that it wasn’t necessary. Facebook is forecasting a 70% minimum revenue growth in 2009, that's a revenue projection of around $500 million or higher for the year.