After circulating for quite some time the rumors of a Russian investment group buying stakes in Facebook is a rumor no more. Facebook has accepted the $200 million offer from Digital Sky Technologies. This would give the Russian firm a 1.96% stake in the company taking the social network’s valuation to $10 billion. DST had also desired to have a seat in Facebook’s board but that didn’t work out and it had to go along by buying the shares. Now Facebook had been flying high when it was valued at a staggering $15 billion before the economic collapse that brought its valuation roughly between $4 billion to $6 billion. While Facebook’s COO Sheryl Sandberg denies Facebook in need of any cash, the additional revenue will definitely open doors to prospective investors as well as give Facebook added cash support to further expand itself. Perhaps by acquiring prospective startups, etc.
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[...] if they are interested in availing the offer. The present offer is second from DST, following the $200 Million deal a couple of months back and raises its overall stakes in Facebook to [...]
[...] to have been oversubscribed. The employee stock was brought by DST, a Russian investment firm following the $200 Million investment from the same in May. With this, the employees were supposed to confirm whether they [...]