Misc
Facebook Receives $200 Million From Russian Investment Group
Added on: 20:40:48 26th May 2009
Facebook announced today that it had received $200 million from Digital Sky Technologies, a Russian-based investment group, in exchange for a 2% stake in the most popular online social networking site. The 1.96% equity stake places a valuation of Facebook at $10 billion.In addition to the $200 million investment, Digital Sky Technologies (DST) also says they plan on purchasing at least $100 million of Facebook common stock from existing stockholders. The details around this plan are to be announced during the summer.
Read more: Tech Fragments
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