Wednesday, May 27, 2009

Today's Fly Or Die Commerce Report

Facebook was recently infused with $200 million from an investor. Digital Sky Technologies- a privately owned, global investment group that is based in Moscow and London- invested the money in the popular, online social networking site.

According to Information Week, DST's $200 million investment garnered them a 1.96% equity stake in Facebook through preferred stock. Information Week also states that DST "will not gain seats on Facebook's board or hold [any] special observer rights" in exchange for their investment.

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