Facebook sells stake for $200 m
Facebook has sold a 1.96% stake for $200m to a Russian internet firm, Digital Sky Technology's (DST). This move values the social networking website, which now has more than 200 million global members, at $10bn.DST would not be represented on Facebook’s 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 Mark Zuckerberg, chief executive, Facebook.
by Campaign India Team
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