Sale of further stock values Facebook at $6.5bn

Russian investment firm Digital Sky Technologies (DST) is to buy $100m (£61.3m) in additional Facebook stock just two months after it paid $200m (£122.7m) for a 1.96% equity stake.

Facebook

According to reports, the company has agreed to pay $14.77 (£9) per share owned by current and former Facebook employees, valuing the company at $6.5bn (£4bn).

In a statement, Facebook CEO Mark Zuckerberg, said, “This is recognition of Facebook’s growth and progress towards making the world more open and connected.”

For DST, which also holds significant interests in internet companies in Russia and Eastern Europe, the deal adds a further 1.54% to its stake in Facebook, taking its total stake to 3.5%.

This story first appeared on newmediaage.co.uk

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