The Russian investment group DST (Digital Sky Technologies), which made a $200 million investment in exchange for a 2% stake in Facebook last May, is buying up to $100 million in Facebook’s ex-employees stock, according to Reuters. DST is offering $14.77 per Facebook common share, the same price it offered last July when it bought out an additional 1.5% stake in the company from Facebook’s current and former employees at $6.5 billion valuation. The current deal would increase DST stake in Facebook to 5%.
Founded in February 2004, the social network site Facebook has over 300 million active users worldwide. The site, which has recently become cash-flow positive, is expected to generate revenues of over $500 million this year.
DST is currently merging Russia’s largest online portal Mail.ru with Astrum Online, the largest developer and operator of MMO games in Russia.