Russians Poke Facebook with Gbp 125m Offer

Summary


RUSSIAN internet group Digital Sky Technologies has offered to invest dollars 200 million (GBP 125m) in Facebook in a deal that would value the social networking site at dollars 10 billion (GBP 7bn).

The bid comes as the social-networking company has been talking to venture-capital and private-equity firms about raising money to help fuel its growth.

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Extract


Russians Poke Facebook with Gbp 125m Offer

Rumours abound that the site is gearing up for a flotation. Last month chief financial off...

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