Facebook has confirmed that it has closed a $1.5 billion round of funding from Goldman Sachs and Digital Sky Technologies. This round counts the $500 million investment made earlier by Goldman and DST, so Facebook is only going to raise $1 billion from sale of Class A common private stock to a special Goldman fund [...]
Goldman Sachs and Russian firm Digital Sky Technologies have invested another $500 million in Facebook in a transaction that values the company at $50 billion, according to the New York Times. Goldman Sachs plans to offer its private clients chances to invest in Facebook as part of the deal, which is expected to raise another [...]
Welcome to the Virtual Goods News Wrap-Up for the week of July 30, 2010. The Wrap-Up is where VGN spotlights stories that we didn't get to cover individually, but still make for interesting reading about the virtual goods industry. DST: A Mutual Fund Of Hot Startups, With A Russian Accent: Facebook and Zynga backer DST [...]
Myriad International Holdings, a subsidiary of international media group Naspers, is to buy a 28.7% stake in Russian investment firm Digital Sky Technologies (DST). A Russian-based firm, DST holds significant investments in social platforms Facebook and Zynga, and recently purchased instant messaging giant ICQ for an astonishing $187.5 million. To fund the purchase, Naspers will [...]
Today Chinese online gaming firm Tencent announced that it had invested $300 million in the Russian firm Digital Sky Technologies, a company known in the virtual goods space primarily for its large investments last year in Facebook and Zynga. Tencent is the largest online gaming firm in China, which reported $1.8 billion in revenue in 2009. [...]
Russian investor Digital Sky Technologies, which previously invested $200 million for a stake in Facebook, extended its reach into social media today with a $180 million investment in Zynga. Long rumored to be positioning itself for an IPO, the investment gives the company what one tech blog is calling "a stratospheric valuation" and likely builds [...]
Russian investor Digital Sky Technologies, which previously invested $200 million for a stake in Facebook, extended its reach into social media today with a $180 million investment in Zynga. Long rumored to be positioning itself for an IPO, the investment gives the company what one tech blog is calling "a stratospheric valuation" and likely builds [...]
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