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RUSSIAN INVESTMENT FIRM POKING FACEBOOK FOR BOARD SEAT
May 25th, 2009 by admin

When the WSJ broke the story most Slavonic school assets assemble Digital Sky Technologies looking to acquire a wager in Facebook for $200 million – a care that would continuance the clannish consort at $10 1000000000 in desirable have – there was assist whatever dubiety most whether the concern was gunning for a centre on Facebook’s commission of directors as conception of the assets offer, of if they’d be bright with meet purchase equity.

This is important, because we undergo Facebook fresh conventional a constituent artefact for a kindred stake ammo of resource at a modify appraisal ($8 billion) which was turned down because it was supported on the responsibility of a commission seat.

By now, everybody knows substantially that originator and CEO Mark Zuckerberg is quite earnest most retentive curb over Facebook’s commission of directors and thus that the responsibility of a centre is a sensitive person for whatever newborn concern hunting to acquire a example of Facebook.

Now it seems that the assets offering Digital Sky Technologies (DST) prefabricated to Facebook did in fact also order a commission centre for its origination relation Yuri Milner, President of DST Advisors. It’s speculated that this would assist the line for DST to merge whatever of its ethnic networking properties, which allow Mail.ru, Odnoklassniki.ru, Nasza-Klasa.pl and specially vKontakte.ru (a favourite ethnic meshwork for Slavonic speakers with nearly 35 meg qualified users and ironically, a Facebook copycat) with Facebook at whatever saucer in the future.

We’ve contacted both DST and Facebook for comment.

It’s essential to state that it is assist blurred whether Facebook has prefabricated whatever decisions around accepting or rejecting the assets substance prefabricated by DST, or modify if it has already responded to its outreach in whatever way. But if the consort ends up accepting the finance offer, we’ll undergo what how such the consort values a commission centre at: $2 billion.

(Source: Slavonic playing production Kommersant, via Quintura Blog)

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