Tuesday, May 26, 2009

Notable financing (Facebook)


AlphaNinja - Facebook received $200million from a Russian investment firm in exchange for 1.96% of the company's shares - most sold by existing shareholders. Clear winners here are the sellers, as this values the company at $10billion, only down 1/3 from the price Microsoft bought shares at.

Comments from CEO Zuckerberg, who is quite happy he rebuffed Yahoo's offer to buy Facebook for $1billion a few years back:

"This investment demonstrates Facebook's ongoing success at creating a global network for people to share and connect," said Facebook CEO Mark Zuckerberg. "We've worked hard to bring more than 200 million people - 70 percent outside of the U.S. - onto Facebook to share with friends, family and co-workers. A number of firms approached us, but DST stood out because of the global perspective they bring - backed up by the impressive growth and financial achievements of their internet investments. We're looking forward to working with the DST team."

info on the investors:

Based in London and Moscow, DST is a well-respected investor in a number of successful internet companies, holding significant interests in Russia and Eastern Europe, such as Mail.ru, Forticom and vKontakte. DST's main assets account for over 70 percent of all page views in the Russian-speaking internet and its social networks are the market leaders in more than 13 countries, addressing a combined population of more than 350 million.

DST is run by its three partners who have complementary backgrounds in operations, investments and finance: Yuri Milner, previously CEO of Mail.ru, the #1 Russian language website; Gregory Finger, previously head of the Moscow office of NCH, a multi-billion dollar hedge fund; and Alexander Tamas, previously co-head of internet and software coverage in EMEA for the Investment Banking Division of Goldman Sachs. With its advanced understanding of opportunities in technology and social media, DST is a good fit for Facebook and an insightful partner that can help unlock additional growth opportunities.


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