Digital Sky Technologies (DST) is an investment company that is known for investing in social networking companies such as Zynga and Facebook. Chinese Internet company Tencent has invested $300 million in DST for 10.26% ownership in the company. Tencent will also get 0.51% voting power in DST.
Digital Sky Technologies owns 1.9% of Facebook through a $200 million investment. DST invested $180 million in Zynga. DST raised about $1 billion in funding themselves through 2009. DST and Tencent are both rumored to be making bids in AOL’s ICQ messenger service. [paidContent]