Latest Digital Sky Technologies Stories

2014-04-24 16:26:18

MOSCOW, April 24, 2014 /PRNewswire/ -- United Capital Partners, the owner of companies with a 48% stake in VK.com, Russia's leading social media site, claims VK's former chief executive officer and founder, Pavel Durov, is attempting to present himself as a political dissident in order to divert attention from his serious legal challenges. UCP issued proceedings (through two of its investment vehicles) in the British Virgin Islands on April 4 to protect its economic...

2014-02-21 08:23:43

Now Registering Two Million New Users Per Month; Innovation and Global Expansion Differentiating Magisto from Competitors NEW YORK, Feb. 21, 2014 /PRNewswire/ -- Magisto, the cloud-based mobile video platform, has started 2014 like a juggernaut, attracting strategic investments from leading global players, acquiring millions of users in the year's first months, and demonstrating to the market that it's building a commanding lead over rivals in consumer experience, technology and...

Companies Reportedly Eyeing Yahoo Buy
2011-10-06 04:51:28

China´s Alibaba, Russia´s Digital Sky Technologies (DST) and private-equity firm Silver Lake may be partnering to make a bid for Yahoo, according to several media reports. News Corp. might also be weighing a bid for the Sunnyvale, Calif.-based company, The New York Times reported on Monday. Microsoft Corp., which performs search functions for Yahoo through a partnership arrangement, is also reportedly a prospective bidder. Yahoo reopened its door to an acquisition and has...

2011-05-02 09:40:00

How much larger can Facebook get? Income of the social network giant is exceeding expectations and is estimated to top $2 billion in earnings in 2011, Reuters reports. An estimated $50 billion valuation was placed on Facebook by Goldman Sachs Group Inc. and Russian investment firm Digital Sky Technologies. According to people familiar with the company's recent finances, profits were growing at a fast-enough clip to justify a valuation of $100 billion or more when Facebook goes public early...

2011-02-11 07:40:07

Online social networking titan Facebook is pondering a move that would allow its employees to sell up to $1 billion of their shares to major institutional investors who want to be part of the largest social network in the world, according to an influential technology blog on Thursday. Facebook, valued at roughly $60 billion, entertained the idea after a number of major institutions expressed interest in investing in the social network, the All Things Digital blog cited sources as saying....

2011-01-23 07:10:00

Facebook said on Friday that it raised $1.5 billion from investors in a private share offering that valued the company at around $50 billion. "Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing," Facebook chief financial officer David Ebersman said in a statement. "With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead." The social networking site said U.S....

2011-01-21 15:15:00

PALO ALTO, Calif., Jan. 21, 2011 /PRNewswire/ -- Facebook today announced it has raised U.S.$1.5 billion at a valuation of approximately $50 billion. The transaction consisted of two parts. Today, Goldman Sachs completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion in Facebook Class A common stock. In December, Digital Sky Technologies (DST), The Goldman Sachs Group, Inc., and funds managed by Goldman Sachs invested $500 million in Facebook Class...

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