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Posts Tagged ‘Digital Sky Technologies’

Russian Firm Contemplates Facebook Investment

Posted by Vaibhav Kalamdani on May 25, 2009

facebook-investmentThe value of an Internet firm depends hugely on how popular it is with the online audience. Considering this fact, it is no doubt that several companies all over the world must be thinking of gaining at least some share of Facebook, which has a record 200-million-plus-users and is continuing to grow at a rapid pace. Digital Sky Technologies is one such company that has lately shown interest in investing $200 million in the social networking giant.

The Russian Internet player has offered to invest in a deal that would value Facebook at a mammoth $10 billion as per the latest reports by the Wall Street Journal. Read the rest of this entry »

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