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Old 5th August 2011, 11:02 AM
555 555 is offline
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Russian investors take a slice of Twitter

President Medvedev’s favored connection with the people has just got a little bit more Russian, as Twitter sells $400 million of shares to Digital Sky Technologies.
The tech investment firm created by Alisher Usmanov and Yury Milner has bought a 5 per cent stake of the micro-blogging site to go with its slice of Facebook.
Another $400 million has come from secondary sources. Twitter confirmed that DST is the leading participant in the consortium but did not give further details.


“It is hard to call social networking sites business, most likely they are trends in services. So while users can hang around here, tomorrow they could be somewhere else,” Andrei Artishchev, analyst at independent analytical agency Investcafe, told Business FM.


http://themoscownews.com/business/20...188893533.html

Last edited by 555; 5th August 2011 at 11:03 AM..
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