Facebook is spending the $500 million that it reportedly raised from Goldman Sachs and the Russian firm Digital Sky Technologies in buying the former corporate campus of Silicon Valley pioneer Sun Microsystems which was bought out by competitor Oracle last year, as reported by a reputed newspaper.The terms of the deal for the buildings and 23-hectare site were not available. But the report said that the property had an appraised value of $228.4 million.
Facebook currently accommodates its 1,500 workers in several rented offices in Palo Alto near Stanford University, and the move to a purpose-built headquarters would allow it to concentrate its various units in one place.However, Facebook declined to confirm or deny the report.
The year 2010 proved to a good year for ASUS in India with the vendor bagging some of the most prestigious awards from media across the nation as well as being chosen the preferred vendor across many channel surveys. It also retained the highest market share for motherboards in India. Vinay Shetty, Country Head, Component Business, ASUS, India, said, "We would like to thank our partners and the media fraternity for recognizing, appreciating and adopting our products. We are greatly humbled by the love and appreciation shown towards us in 2010 which has made it the best year for component business in India till date. We wish to win more hearts in 2011 and hope to continue to make our customers happy with class leading products and services."The company took many initiatives to improve its products and services in 2010 and in the beginning of the year, launched the "Reach Us" initiative wherein partners could directly contact the Country Head for Component Business - Vinay Shetty to address any grievances or give feedback about products or services. For service enhancement, the company introduced the E.L.I.T.E. Service initiative in July this year with free pick-up and drop facility for motherboard RMA in 270 cities and in September expanded its reach to 798 cities. It also started offering a never before Burnt and Corrosion Warranty on all motherboards reinforcing confidence and faith in its customers and partners. ASUS also completed 102 partner meets across 60 cities across the country over the year and shared many of its new technological innovations with partners. 
Digital Sky Technologies co-Founder Yuri Milner recruited analysts from Goldman Sachs Group Inc. and Morgan Stanley to help him pick investments in startups such as Facebook Inc. and Zynga Game Network Inc.Digital Sky paired with the New York-based securities firm to buy a $500 million stake that values Facebook at $50 billion, sources said. Groupon Inc., another Digital Sky-backed company, plans to take as much as $950 million in funding from a group that includes Digital Sky and Morgan Stanley, also based in New York."DST's investments in Facebook, Groupon and Zynga have done very well and I think Goldman and others are trying to take advantage of that," said Nick Beim, general partner at Matrix Partners, a venture capital firm based in New York.Digital Sky invested $200 million in Facebook in May 2009 at a valuation of $10 billion. It has since increased its stake by purchasing common shares, including employee shares in a $100 million offer, according to two people familiar with the matter.At $50 billion, Facebook would exceed the valuation of Web portal Yahoo! Inc. and online commerce site EBay Inc. The valuation is 25 times Facebook's 2010 revenue, compared with 7 times sales for Google and 4.7 times for Netflix Inc.