Russian Investor DST Takes 5% Stake in Facebook with New Funding

Fri, Dec 18, 2009

Facebook, Industry, Social

zynga_logoRussian tech investor, Digital Sky Technologies (DST) put a cool $180 million into Zynga earlier this week, and has now claimed a 5 percent stake in Facebook after its latest investment.

Just a few months ago in May 2009, Digital Sky Technologies put over $200 million into Facebook for 1.96 percent stake in the social network. Now, with another $200 million in common shares ($14.77 each), DST has increased its stake in Facebook to 5 percent total (with $400 million total invested).

Zynga is reported to have ~$250 million a year in revenue, claiming over 100 million unique users each month. The social game company has pulling in funding fast and furiously this year – total investment funding to-date is now at $219 million for the Mafia Wars maker. Experts estimate Zynga is currently worth anywhere from $1.5 billion to $3 billion.

If you’re looking to take a billion dollar bet on social networks and social gaming, Facebook and Zynga aren’t bad places to start.

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  3. Google Invests $100 Million in Zynga, Google Games Launching Soon
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  5. Moblyng Files for $1M Round of Funding
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This post was written by:

Kate Hancock - who has written 302 posts on Frisky Mongoose.

Kate Hancock is the Managing Editor at Frisky Mongoose and a true mainstream gamer. She handles news assignments, editorial content and PR.

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