Facebook Employees Cash Out $200M in Shares

It seems Facebook employees are welcoming the invitation to get rich. The new tech IPO market, aka Russian Internet holding company Digital Sky Technologies, has upped its stake in Facebook to more than 5 percent through employee stock sales, according to Russian outlet Kommersant. DST had invested $200 million in Facebook at a $10 billion valuation in May and promised to pay up to $100 million at a $6.5 billion valuation for employee shares. DST re-upped the offer in October to buy another $100 million of shares at the $6.5 billion valuation, Kommersant says, citing unnamed sources.

DST also bought another piece of Facebook this week through its largest application developer and major advertiser, Zynga, the independent social gaming company. Word got out this week that DST, along with Tiger Global, Institutional Venture Partners and Andreessen Horowitz, invested $180 million in Zynga, including a promise to buy employee shares. VentureBeat has a good interview about the deal with Zynga CEO Mark Pincus and DST CEO Yuri Milner.

Check out our nifty infographic from yesterday: “By the Numbers: Facebook’s Road to an IPO.”

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