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. Last Updated: 07/27/2016

DST Raises Facebook Stake

Digital Sky Technologies raised its stake in Facebook to 5 percent, Kommersant reported, citing an unidentified person at an investment fund close to Facebook.

Yury Milner, chief executive of Digital Sky Technologies, also known as DST, declined to comment to the newspaper. Facebook press officials didn’t reply to Kommersant’s request for comment. DST has spent at least $400 million on investment in Facebook this year, the newspaper said.

(Bloomberg)