Russian Internet company and early Facebook investor Mail.ru Group sold its remaining 14.2 million shares in the social network in July and August, netting it more than $525 million, Ryan Chilcote reported on Bloomberg Television’s “The Pulse with Guy Johnson.”
Digital Sky Technologies
Facebook will last 100 years, as will Google and Wikipedia, according to early Facebook investor Yuri Milner, founder of Digital Sky Technologies, who spoke at a talk at SXSW 2013 hosted by Vanity Fair.
Facebook recruiting solution Work4 Labs Wednesday announced an expanded suite of social recruiting products, a free version of its product targeted toward small and midsized businesses, and the closing of $11 million in series-A funding from Matrix Partners and other investors.
The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.
Facebook filed with the Securities and Exchange Commission Wednesday morning to add 83,818,263 shares to its Friday initial public offering, bringing the total offering to 421,233,615 shares of class-A common stock.
What do Digital Sky Technologies and Elevation Partners have in common, besides being investors in Facebook? Each is seeking to raise $1 billion.
We’d previously reported that Facebook Co-Founder Eduardo Saverin sold some of his shares in the company prior to its initial public offering filing with the Securities and Exchange Commission. And now, we know the buyer.
Digital Sky Technologies, a major investor in Facebook, has social networking covered in its home country, as DST owns almost a quarter of Russian Facebook clone VKontakte.