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Privately held social network Facebook just saw its prices go higher. Digital Sky Technologies has announced it will pay $14.77 a share for an additional stake in the social network, bumping its total position in the company to up to 3.5%. If this deal is completed, it would imply a total value of $6.5 billion - down about one-third from Digital Sky's last investment in Facebook.

Even the $6.5 billion a share value is optimistic. Investors have pushed the value to below $5 billion in private secondary market transactions over the past few weeks. Nonetheless, the relatively new company is still valued well above major technology and media heavyweights, including CBS (NYSE: CBS) with a $4.06 billion market cap and SalesForce.com (NYSE: CRM) at a $4.72 billion market cap.

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Digital Sky to put another $100 million into Facebook originally appeared on BloggingStocks on Tue, 14 Jul 2009 13:40:00 EST. Please see our terms for use of feeds.

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