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Digital Sky invests USD 200 mln in Facebook

Wednesday 27 May 2009 | 09:10 CET | News
Russian internet investment group Digital Sky Technologies has made a USD 200 million investment in Facebook in exchange for preferred stock in the online social networking company. This represents a 1.96 percent equity stake in Facebook at a USD 10 billion valuation for the company. DST plans also to offer to purchase at least USD 100 million of Facebook common stock from existing common stockholders, mainly aimed at helping Facebook employees sell shares. The details of the plan are expected to be announced to eligible participants during the summer. Consistent with Facebook's practice with

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Categories: Internet
Companies: Facebook
Countries: World
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