Digital Sky Technologies Makes Tender Offer for Facebook Shares
Current and former Facebook employees thinking of selling their stock are pondering a tender offer from Russian investment firm Digital Sky Technologies, which invested $200 million into the social-networking platform this past spring, according to TechCrunch and CNET News’ The Social.
DST placed a tender offer to purchase up to $100 million of common stock in Facebook, at $14.77 per share, and interested employees and former employees must accept the terms within 20 business days from Monday, July 13.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in