Wednesday, May 27, 2009

Facebook Sells 1.96% Stake

Mark Zuckerberg is laughing his way to the bank. Yesterday Zuckerberg sold a 1.96% stake of the Facebook empire for $200m (£126m) to a Russian internet firm valuing the social networking website at $10bn. Two years ago Zuckerberg inked a deal with Microsoft selling a 1.6% stake to Microsoft for $240m.

(via. BBC News)