Russian billionaire buys N15bn home

While the U.S. housing market appears to be struggling to regain its footing, the $100 million (about N15bn) sale of a single-family home in Silicon Valley shows that luxury properties are still in demand. Russian billionaire Yuri Milner, a big investor in Facebook, Groupon and game maker Zynga, bought the reportedly lavish, 25,500-square-foot mansion in Los Altos Hills, California. The sale is believed to be one of the largest in U.S. history for a single-family home.
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