The largest Russian internet investor, Digital Sky Technologies (DST), which owns stakes in Russian and Eastern European market leading social networks Odnoklassniki.ru, Nasza-Klasa.pl and Vkontakte.ru as well as Russia’s most visited online portal Mail.ru, has invested $200 million into preferred stock for 1.96 percent stake in Facebook, valuing the company at $10 billion. In addition, DST plans to spend at least $100 million in order to purchase Facebook common stock from existing common stockholders.
Founded in 2005, DST is run by its partners Yuri Milner, Gregory Finger and Alexander Tamas who own majority of the group. The other owners of DST are Alisher Usmanov and Renaissance Partners.
DST is expected to bring to Facebook more global market perspective and its experience in monetizing social networks with micro payments.
The investment of $300 million in Facebook will be the largest internet-related cross-border investment to be made by a Russian group.