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Russian firm invests $200m in Facebook

THE queue of investors itching to cash-in on social networking site Facebook was long.<br /><br />But Russia&rsquo;s Digital Sky Technologies (DST) pipped the competition to the post yesterday when Facebook, run by 24 year old Harvard drop-out Mark Zuckerberg, accepted a $200m (&pound;126m) investment from the company, controlled by Yuri Milner.<br /><br />Milner&rsquo;s company owns Russia&rsquo;s largest website, Mail.ru. He runs DST &ndash; which is based in both Moscow and London &ndash; with several partners, including Gregory Finger, who was once head of the Moscow arm of NCH, a multibillion-dollar hedge fund.<br /><br />Another partner, Alexander Tamas used to help run internet and software coverage in Europe, the Middle East and Asia for Goldman Sachs.