In a deal worth about $6.5 billion, Russia's Digital Sky Technologiesoffered to pay the world's number one internet social networking site $14.77 a share....and this is on top of another deal DST made with Facebook back in May worth about $200 million.
One source says together, these two transactions will give DST a 3.5 percent stake in Facebook and it will make a lot of Facebook employees (past and present) very very happy.
In a statement CEO Mark Zuckerberg said, "....I’m pleased that the price DST is offering is much greater than the price originally considered last fall. This is recognition of Facebook's growth and progress towards making the world more open and connected.”
And what a growth story Facebook has been and continues to be. One that started in a Harvard dorm room and is now being told in the new book called "The Accidental Billionaires: The Founding of Facebook: A Tale of Sex, Money, Genius and Betrayal."written by Ben Mezrich.
Below is a Guest Author Blog by BEN MEZRICH submitted for Bullish readers.