Two helpings of Facebook shares apparently weren't enough. Russian investment firm Digital Sky Technologies has gone back to the well for a third time, spending perhaps $100 million to buy still more shares in the social networking company.
Tonight, it's almost certain that bars around Facebook's new headquarters in Stanford Research Park will be busy. Tomorrow, the offices of Facebook's employees may be full of new toys and gadgets. It seems that Russian investment firm Digital Sky Technologies wants to buy $100 million of common stock from employees.
Facebook announced today the company will accept a $200 million investment from Russian investment firm Digital Sky Technologies. A couple hundred million nets Digital Sky just under two percent equity in Facebook at a $10 billion valuation.
Other companies with similar offers in recent weeks were rejected by Facebook CEO Mark Zuckerberg, primarily because Zuckerberg did not wish to lose control of the board of directors. Zuckerberg currently holds one seat and one empty one to secure control of the company.
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