Facebook + Goldman Sachs: Here’s What It Will Mean
Last night just before 12 a.m., Twitter began exploding with the news: Facebook had raised $500 million — from Goldman Sachs. Bolstered by a $50-million stake from Russia’s Digital Sky Technologies, a previous FB investor, the Wall Street behemoth had slapped down $450 million to snag the Internet behemoth — now valued at a cool...
Facebook’s IPO Waiting Game Gets a Little Longer–"Probably" Not Going Public in 2011
Ripple effect: Facebook's non-move gives Zynga more time before it goes public too. Meanwhile, if you're dead set on buying some of Zuck's company next year, Digital Sky Technologies may be able to help.
Sold! Finally: Digital Sky Technologies Buys AOL’s ICQ
AOL clears another asset off its books: Digital Sky Technologies, the Russian investors with a seemingly insatiable appetite for American Web properties, is buying Tim Armstrong's ICQ chat service. They're paying $187.5 million.
With Google Gone, Elevation Invests in Yelp–Just as It Wanted To
Whatever happened between Google and Yelp is now officially kaput: Instead of selling the entire company to the search giant, Yelp's owners will be taking up to $100 million in funding from private equity shop Elevation Partners--who had been trying to get a deal done with the local reviews site for months.
