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Russian firm buys stake in Facebook

Businessandleadership.com – Just a year and a half after Microsoft paid US$240m for a 1.6pc stake in social-networking player Facebook, a Russian technology investor has paid US$200m for a 1.9pc stake in the company.

The Microsoft investment in September 2007 valued Facebook at US$15bn, while the latest investment from Russian investment group Digital Sky Technologies (DST) values the company at around US$10bn.

The Russian investment group founded in 2005 said it is even considering buying a further US$100m worth of shares in Facebook from existing investors.

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