Facebook, the fast-growing social network, has found a deep-pocketed friend in Russia.
Digital Sky Technologies, an Internet investment company based in Moscow, said Tuesday it has invested $200 million in Facebook in exchange for a 1.96 percent stake in the company, and would eventually offer to buy at least $100 million in Facebook’s common stock. Facebook said the deal values the entire company — which Facebook’s chief executive, Mark Zuckerberg, founded in his Harvard dorm room in 2004 — at $10 billion.
Ten billion dollars. Jiminy.
No comments
Jump to comment form | Comments RSS | Trackback URI