Page last updated at 17:07 GMT, Tuesday, 26 May 2009 18:07 UK

Facebook sells stake in business

Facebook has more than 200 million members worldwide.

Facebook has sold a 1.96% stake for $200m (£126m) to a Russian internet firm, a move that values the social networking website at $10bn.

Facebook boss Mark Zuckerberg said he had been impressed by Digital Sky Technology's (DST) "impressive growth and financial achievements".

DST has investments in a number of internet firms across Russia and Eastern Europe.

US-based Facebook has more than 200 million global members.

'Ongoing success'

Facebook said DST would not be represented on its board or hold special observer rights.

"This investment demonstrates Facebook's ongoing success at creating a global network for people to share and connect," added Mr Zuckerberg, Facebook's chief executive.

"A number of firms approached us, but DST stood out because of the global perspective they bring."

DST's internet businesses account for more than 70% of all page views on Russian language websites.

It has investments in sites including, Forticom and vKontakte.

The deal comes two years after Facebook sold a 1.6% stake to Microsoft for $240m.

Print Sponsor

Tehran blocks access to Facebook
24 May 09 |  Middle East
Facebook users say yes to changes
24 Apr 09 |  Technology
Facebook offers control to users
26 Feb 09 |  Technology
Whose data is it anyway?
20 Feb 09 |  Technology
Privacy law call in Facebook row
18 Feb 09 |  Technology
EU presses for web users' privacy
31 Mar 09 |  Europe

The BBC is not responsible for the content of external internet sites

Moscow Times Facebook Stake an Entry Point for World Market - 9 hrs ago
Computer Business Review Facebook receives $200m from Digital Sky - 26 hrs ago
Expatica Belgium Russian firm invests 200 million dollars in Facebook - 31 hrs ago
E-Commerce Times Facebook Sitting Pretty With $200M Investment - 32 hrs ago
CNN Money • Facebook scores $200 million - 33 hrs ago

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific