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- Tuesday, May 26, 2009 - 0 comments
Facebook takes $200 Million Investment from Russian Investment Firm
After some rumors Facebook today confirmed that it is going to receive a $200 million investment from Digital Sky Technologies (DST), one of the leading Internet investment groups in Eastern Europe. This keeps Facebook at a valuation of $10 billion. According to Mark Zuckerberg(Facebook's CEO ), around 70% of the company's users are now outside of the U.S., so cooperating with an international investment firm seemed to make sense in order to bring a global perspective to Facebook's operations.
The company Digital Sky Technologies claims to account for over 70 percent of all all page views on the Russian-speaking Internet. DST has the option to buy another $100 million worth of common stock from existing employees and investors. There are some rumors which say that Facebook is trying to raise capital to allow its employees to cash out some of their options.
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