{"id":86502,"date":"2009-12-17T08:43:00","date_gmt":"2009-12-17T13:43:00","guid":{"rendered":"http:\/\/news.softpedia.com\/news\/Russia-s-DST-Now-Owns-5-Percent-of-Facebook-130040.shtml"},"modified":"2009-12-17T08:43:00","modified_gmt":"2009-12-17T13:43:00","slug":"russias-dst-now-owns-5-percent-of-facebook","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/86502","title":{"rendered":"Russia&#39;s DST Now Owns 5 Percent of Facebook"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/news.softpedia.com\/images\/newsrsz\/Russia-s-DST-Now-Owns-5-Percent-of-Facebook-2.jpg\" align=\"left\" style=\"margin-right: 10px;\" \/> With 350 million users worldwide, an estimated $500 million in revenue this year and positive cash flow, Facebook is looking pretty good at this point to any investor. The company though isn&#8217;t really looking for new capital and an IPO is still quite a way off. For a determined investor though, these problems can be overcome, and Russian investment company Digital Sky Technologies seems to be one. It bought a small stake in Facebook last summer, 1.96 percent, and then continued to acquire common stock from employees or other shareholders to the point that DST is now said to own more than 5 percent in the social network. <\/p>\n<p>Russian business newspaper Kommersant cites [translated] an unnamed inside source which claims that, not only DST now has a more than 5 percent stake, it is looking to increase it further with additional purchases. This means that DST&#8217;s stake is now three times larger than Microsoft&#8217;s, which owns just 1.6 percent purchased at a whooping $15 billion valuation. <\/p>\n<p>DST paid $200 million for its initial stake in a deal which valued Facebook at $10 billion. At the time, it had the option to purchase an additional $100 million-worth of common stock at a lower $6.5 billion valuation, coming in at $14.77 per share. It quickly gobbled up the new shares, which meant it owned a further 1.53 percent in Face&#8230; (<a href=\"http:\/\/news.softpedia.com\/news\/Russia-s-DST-Now-Owns-5-Percent-of-Facebook-130040.shtml\">read more<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With 350 million users worldwide, an estimated $500 million in revenue this year and positive cash flow, Facebook is looking pretty good at this point to any investor. The company though isn&#8217;t really looking for new capital and an IPO is still quite a way off. For a determined investor though, these problems can be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-86502","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/86502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=86502"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/86502\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=86502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=86502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=86502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}