Russian investor Yuri Milner stands to reap a multibillion-dollar windfall from his early bet on Facebook stock. But in return, he has agreed to terms that handcuff what he can do with his Facebook shares.
The onetime investor in a Russian macaroni factory made a splash in the U.S. in 2009, when he wooed Facebook Chief Executive Mark Zuckerberg and landed his first investment in the social network. Subsequent investments followed, and all told Mr. Milner's firms, DST Global Ltd. and Mail.ru Group Ltd., have bought roughly $900 million ...
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