Russian Digital Sky Technologies Invests $200M in Facebook
Digital Sky Technologies, primarily funded by Russian oligarch Alisher Usmanov, invested $200 million in Facebook in May 2009, acquiring a 1.96% equity stake at a $10 billion valuation. The investment, led by CEO Yuri Milner, was accompanied by an additional offer to purchase $100 million in common stock from existing stockholders. Beyond the financial investment, the deal highlighted growing Russian investment in Silicon Valley tech platforms, with Kremlin-connected entities like VTB Bank and Gazprom Investholding indirectly participating through DST Global.
Key Actors
Sources (5)
- Facebook Receives Investment from Digital Sky Technologies
- Kremlin-Owned Firms Linked to Major Investments in Facebook
- Zynga Takes Venture Round from DST
- Zuckerberg got early business advice from a Russian billionaire with Kremlin ties (2009-05-01)
- Facebook: Who owns a stake in the social media giant? (2011-01-03)
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