DST is the Russian holding company that owns about $500 million worth of Facebook stock and is, by all accounts, still buying.
Yuri told the DLD Conference crowd this morning:
“I am happy to announce that there will be no near term IPO on Facebook; this means 2010. For them, it is all about getting the product and team right.” Milner: “We have permanent capital, we don’t have to return money to investors, so we have unlimited patience. We want to have the vision follow-through. It is up to the board and management to make the call.”
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See Also:
- Facebook Finally Lands "The World's Biggest Marketer"
- Russian Firm's Facebook Stake Reaches ~$500 Million
- Russian Firm DST On A Roll, Upping Stake In Facebook?