Tuesday, November 24, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Black Friday Deals on Microsoft device
AMD Ends Driver Support For Radeon HD 5000 and 6000 series
New AMD Radeon Software Crimson Edition Available For Download
ASUS RoG Announces Maximus VIII Hero Alpha
Apple To Brings Apple Pay To China
Xiaomi Launches New Redmi Note 3 Smartphone And Mi Pad 2 Tablet
Dell Says Security Hole Identified In Some Laptops
Sony PlayStation 4 Now Available For $299
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 27, 2009
Facebook Receives $200 Million Investment From Digital Sky Technologies

Facebook today announced that Digital Sky Technologies (DST), an internet investment group, has made a $200 million investment in Facebook in exchange for preferred stock, representing a 1.96 percent equity stake at a $10 billion valuation.

In addition, DST has indicated that it is planning to offer to purchase at least $100 million of Facebook common stock from existing common stockholders that would facilitate liquidity for current and former employees? vested shares in the company. The details of the plan are expected to be announced to eligible participants during the summer. DST will not be represented on the Facebook board or hold special observer rights.

"This investment demonstrates Facebook?s ongoing success at creating a global network for people to share and connect," said Facebook CEO Mark Zuckerberg. "We?ve worked hard to bring more than 200 million people ? 70 percent outside of the U.S. ? onto Facebook to share with friends, family and co-workers. A number of firms approached us, but DST stood out because of the global perspective they bring ? backed up by the impressive growth and financial achievements of their internet investments. We?re looking forward to working with the DST team."

"Our investment experience in other regions reveals the tremendous value social networking companies create as they redefine how people communicate and interact," said Yuri Milner, chief executive of DST. "By every important metric ? user growth and engagement, technological innovation and financial performance ? Facebook is on a similar trajectory, though on a much more global scale. We?re delighted to invest in Facebook, Mark and his management team as they make the world more open and connected."

Based in London and Moscow, DST has made a number of successful internet companies, holding significant interests in Russia and Eastern Europe, such as Mail.ru, Forticom and vKontakte. DST?s main assets account for over 70 percent of all page views in the Russian-speaking internet and its social networks are the market leaders in more than 13 countries, addressing a combined population of more than 350 million.

Roxio Introduces Easy VHS to DVD for Mac        All News        Windows Vista SP2 Adds Support For Blu-ray
U.S. District Court Orders Hynix to Post Security for Infringing Rambus Patents     General Computing News      Windows Vista SP2 Adds Support For Blu-ray

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook Makes Sure You See Less Info From Your Ex
Google Search To Display Facebook Content
Facebook App To Support Vanishing Messages
New Facebook Notify App Shows News to Smartphones
Belgian Court Blasts Facebook's Tracking Policy
Facebook Music Stories To Include Leading Music Services
Ads Keep Facebook's Revenue High
Facebook Reports Progress In Artificial Intelligence Research
Facebook To Change 'Real Names' Policy
Facebook Says Latest iOS App Won't Drain Your Battery
Facebook Makes All Posts Searchable
Facebook to Test Emoji Icons

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .