The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
The valuation is 5 billion dollars less than when Microsoft paid 240 million dollars for a 1.6-per-cent stake in Facebook in late 2007.
“We did the Microsoft investment ... at the absolute peak of the market,” Facebook chief executive Mark Zuckerberg said, adding that the Microsoft investment “was just one piece” of a deal that also involved developing online advertising formats.
“Relative to the economic conditions for when the Microsoft deal happened ... we feel really good about the progress we’ve made.”
In addition to acquiring a 1.96-per-cent stake for 200 million dollars, Digital Sky said it would also agree to buy a further 100 million dollars in common stock from current and former employees of the private company who wish to cash in on their good fortune.
Facebook is the world’s most popular social-networking site with more than 200 million users. Digital Sky is a Russian investment company that claims to have invested more than 1 billion dollars in Russian and Eastern European companies since 2005.
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
Dubai Police have asked drivers to be extra cautious
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
Dubai Police have asked drivers to be extra cautious
The country has set a new Guinness World Record by creating the largest falcon hood, beating the previous record of 1.65 metres
Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
In most Islamic countries, including the Gulf countries, the Prophet's birthday is observed on 12 Rabi’ Al-Awwal 1444
Traffic will be diverted to the opposite side during this period