DST, owners of a few percentage points of Facebook are snapping up more shares. If you own any bit of Facebook, the Russian DST wants to give you $14.77 a share for your part. DST has already put $300 million dollars into the social networking giant, but is hungry for even more. Given the current high price of Facebook, $300 million does not go very far. DST has turned to ex-employees and any other individual that may have any shares of Facebook and asking them if they are open for purchase.
DST has a long view on Facebook, given that Zuckerberg still claims that an IPO is several years distant. Either DST will angle for one of the giants to purchase Facebook or indeed it is putting down some very patient bets. Given the size of the purchases, DST must have long faith in the possible longevity of Facebook, that indeed it will not become a flash in the pan fad that happens so often on the internet. Facebook is not speaking about the current DST moves, but now that DST is such a large and important Facebook investor, it seem unlikely that they will publicly decry any DST moves.
