Tag: soviet

Soviet Business Prodigy Drops $200 Million On Facebook

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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