Facebook investor DST eyeing more digital stakes

LONDON, May 23 (BestGrowthStock) – Russian Internet investment group
Digital Sky Technologies, which bought a $300 million stake in
Facebook last year, is preparing to buy stakes in dozens of
well-known Internet companies, its chief executive said.

Yuri Milner told the Sunday Telegraph that DST had built up
a war chest of more than $1 billion to fund the next stage of
its investment strategy and said it was actively looking at
companies in Asia, Australia and Britain.

The newspaper said Milner declined to name any of the
investment targets but refused to rule out buying a stake in
Twitter, the highly popular microblogging site.

“There are a few dozen companies globally that we are
following,” he was quoted as saying. “When you do late-stage
investment focused on the Internet your universe shrinks
dramatically.”

DST has also invested in a social commerce website Groupon
and it holds a stake in social game company Zynga, which makes
games for social networks including Facebook and News Corp’s
(NWSA.O: ) MySpace.

Stock Market Analysis
(Reporting by Kate Holton; Editing by Louise Heavens)

Facebook investor DST eyeing more digital stakes