DST Launches $100 Million Facebook Stock Purchase Program

The New York Times has released initial details about the Facebook employee stock purchase plan from Digital Sky Technologies (DST). As I wrote back in May, DST invested $200 million and announced plans to purchase up to $100 million “from existing common stockholders that would facilitate liquidity for current and former employees’ vested shares in the company”.

The transaction was projected to take place during the summer and as of today it’s official. According to the New York Times:

Digital Sky Technologies, the Russian investment firm that in May invested $200 million in Facebook, has begun a tender offer to purchase up to $100 million of Facebook common stock from existing stock and option holders, according to a person briefed on the deal.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in