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: