Facebook sells stake in business

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26 May 2009

Facebook has sold a 1.96% stake in the business to a Russian internet firm, a move that values the social networking website at $10bn (£6.3bn).
Facebook boss Mark Zuckerberg said he had been impressed by Digital Sky Technology's (DST) "impressive growth and financial achievements".

DST has investments in a number of internet firms across Russia and Eastern Europe.

US-based Facebook has more than 200 million global members.

 

Source: BBC News | Technology

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