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May
26
ViruSoul

Facebook sells 1.96 percent stake for $200 million

(c) facebook SAN FRANCISCO (Reuters) – Facebook sold a 1.96 percent stake for $200 million to a technology investment firm, valuing the largest social networking site at $10 billion, the two companies said on Tuesday. Digital Sky Technologies, based in London and Moscow, bought preferred stock, according to the joint announcement. Digital Sky also plans to buy at least $100 million of Facebook common stock...
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