Facebook Investment Drives Up Mail.ru Shares
Facebook seems to have the golden touch: The investment by Russia's Digital Sky Technologies in the U.S.-based social network drove up the shares of Mail.ru more than four percent on the London Stock Exchange.
Facebook seems to have the golden touch: News of the $50 million investment in the U.S.-based social media site by Russian venture fund Digital Sky Technologies drove up the share price of its Interet company Mail.ru more than four percent on the London Stock Exchange today.
Mail.ru shares have also benefitted from the $450 million that Goldman Sachs invested in the same deal, which includes the option to sell $75 million of that to the Russian company, according to the New York Times.
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