Monday, July 13, 2009

Facebook Employees See Some Liquidity, As DST Buys Stock

Russian investor Digital Sky Technologies has reported begun purchasing the shares of Facebook employees, at $14.77 each, as part of its $200M investment deal with the firm. Facebook had said in May that Digital Sky would purchase at least $100M in Facebook common stock from existing stockholders, providing liquidity to both current and former employees of the company. The deal would value Facebook at $6.5 billion.