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Digital Sky Technologies (DST), the Russian investment firm which owns 10% of Facebook, keeps making headlines.
In 2010 AOL sold ICQ to Digital Sky Technologies for $187.5m.
The websites of Digital Sky Technologies (DST) account for more than 70% of page-views on the Russian-language internet.
Digital Sky Technologies, now known as Mail.ru, agreed to buy up to $100 million in stock to increase its existing stake in Facebook.
Digital Sky Technologies, a Facebook shareholder that's investing at least $50 million more, counts former partners of the bank among its executives.
AOL also said Wednesday that it had agreed to sell its ICQ instant messaging business for $187.5 million to a Russian Internet investor, Digital Sky Technologies.
Read more » DST Global The Russian investment company previously known as Digital Sky Technologies began investing in Internet companies in Russia and Eastern Europe in 2005.
For Digital Sky Technologies, the deal means its original investment in Facebook, at a valuation of $10 billion, has gone up fivefold.
So while $10 billion could be a valuation Facebook and Digital Sky Technologies are aiming for, it probably doesn't reflect the company's market worth right now.
Employees were given the opportunity to sell shares in 2009 to one of Facebook's investors, Russian investor Digital Sky Technologies (DST).
In July, Digital Sky Technologies, an Internet holding company with significant investments in Russian and Eastern European companies, bought $100 million worth of Facebook shares from employees.
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