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DST Still Shopping for Facebook Shares

August 21, 2009
by Jessica E. Vascellaro
Reporter, The Wall Street Journal

Jessica E. Vascellaro

Russian investor Digital Sky Technologies appears to be hungry for a bigger piece of Facebook.

The firm just finished spending $100 million to purchase current and former Facebook employees’ shares of the company, on top of a $200 million direct investment into the social-networking site earlier this year. Now DST, known for its investments in social-networking sites in Russia, Poland and the Baltics, has approached a number of Facebook shareholders seeking to buy more shares, according to several people familiar with the conversations.

After wrapping up its official tender offer, which was closed this week, DST held about a 3.5 percent stake in Facebook.

Read the rest of this post on the original site

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