Russian Investment Boosts Facebook Value

This is one of those zen moments when you say to yourself - I wish I had invested in this venture back in the day ... Add a bit of globalization, and you have a powerful mix - Russian money invested in what is arguably one of the flagship industries of the Western world. Russia's Digital Sky Technologies said it will pay $14.77 a share for Facebook common stock, boosting its stake to as much as 3.5 percent and valuing the world's largest online social network at about $6.5 billion.

More from Yahoo Tech news: While that is below the $10 billion valuation set by Digital Sky's May investment in Facebook, which was for preferred shares, investors have been valuing the social network's common stock at less than $5 billion in secondary markets in recent weeks.

Digital Sky, a Russian investment firm, bought $200 million worth of preferred shares in Facebook in May and said it would buy another $100 million worth of common shares from Facebook employees and ex-employees.

A source familiar with the matter told Reuters that Digital Sky will pay $14.77 per common share. A representative for Digital Sky confirmed the terms, and said the tender offer begins on Monday and runs through August.