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	<title>Pars News Agency System - سیستم خبری پارس &#187; Tech</title>
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		<title>Facebook sells stake in business</title>
		<link>http://parsna.ir/endemo/archives/id=36</link>
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		<pubDate>Wed, 27 May 2009 14:46:50 +0000</pubDate>
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				<category><![CDATA[Business]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Tech]]></category>
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Facebook has sold a 1.96% stake for $200m (£126m) to a Russian internet firm, a move that values the social networking website at $10bn.
Facebook boss Mark Zuckerberg said he had been impressed by Digital Sky Technology&#8217;s (DST) &#8220;impressive growth and financial achievements&#8221;.
DST has investments in a number of internet firms across Russia and Eastern Europe.
US-based [...]]]></description>
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<p class="first"><strong>Facebook has sold a 1.96% stake for $200m (£126m) to a Russian internet firm, a move that values the social networking website at $10bn.</strong></p>
<p>Facebook boss Mark Zuckerberg said he had been impressed by Digital Sky Technology&#8217;s (DST) &#8220;impressive growth and financial achievements&#8221;.</p>
<p>DST has investments in a number of internet firms across Russia and Eastern Europe.</p>
<p>US-based Facebook has more than 200 million global members.</p>
<p><!-- E SF --><strong>&#8216;Ongoing success&#8217;</strong></p>
<p>Facebook said DST would not be represented on its board or hold special observer rights.</p>
<p>&#8220;This investment demonstrates Facebook&#8217;s ongoing success at creating a global network for people to share and connect,&#8221; added Mr Zuckerberg, Facebook&#8217;s chief executive.</p>
<p>&#8220;A number of firms approached us, but DST stood out because of the global perspective they bring.&#8221;</p>
<p>DST&#8217;s internet businesses account for more than 70% of all page views on Russian language websites.</p>
<p>It has investments in sites including Mail.ru, Forticom and vKontakte.</p>
<p>The deal comes two years after Facebook sold a 1.6% stake to Microsoft for $240m.</p>
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