Sci/Tech Facebook sells stake in business

[UndeadDragon]

Facebook has sold a 1.96% stake for $200m (£126m) to a Russian internet firm, a move that values the social networking website at $10bn.

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 European.

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

Read more here.

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3 news posts for Facebook today

$200m for 1.96% shares

 

[konerboy]

is it really worth that much

 

[Prometheus]

:thup:

Russia.

 

[Oninuva]

For Mother Russia!

 

[Varine]

is it really worth that much

Yeah, it's monotized. Every time you click one of those links, someone gets paid. So multiply that by a lot, plus advertising of groups and such localized in Facebook.