Archives for July 2008
Files under: News, Tech
Posted by: Yakov @ 13:29 [31. 07. 08]
The leading Russian broadband Internet service provider and cable TV operator Akado is negotiating a sale of a 20% - 25% stake in the company to a Western private equity group or strategic investor, reported business daily Kommersant. The newspaper cities the Swedish investment fund Investment AB Kinnevik and media group Liberty among contenders for […]
Files under: News, Tech, Web 2.0
Posted by: Yakov @ 16:21 [30. 07. 08]
The leading Russian online shop, Ozon.ru, reported sales of $45 million in 1H 2008, up 78% from 1H 2007, says Prime-TASS BIT. The sales breakdown is books (36%); consumer electronics, cameras, and mobile phones (30%); movies on DVDs and CDs (14%), rare books and items (5%), music (3%); and others (12%).
Ozon.ru had 2.4 million registered […]
Files under: News, Tech
Posted by: Yakov @ 11:53 [30. 07. 08]
The shareholders of Mail.ru decided to postpone its IPO in London until 2009, reported Kommersant by quoting the company’s CEO. This will help Mail.ru to increase its value from current $1.5 billion to $2 billion, estimated analysts. According to newspaper, Goldman Sachs will handle the IPO. Mail.ru reported the highest EBITDA margin of 64% among […]
Files under: News
Posted by: Yakov @ 20:58 [29. 07. 08]
The newly-formed OE Investments has become the leading instant payment processing company in Russia with 47% market share, reported Reuters. The company expects revenues of $200 million on $10 billion turnover in 2008, up from $7 billion in 2007.
OE Investments was created as a result of the merger of instant payment processing companies OSMP (QIWI […]
Files under: News
Posted by: Yakov @ 17:29 [28. 07. 08]
Digital Sky Technologies (DST), an Internet investment group run by Yuri Milner, has obtained a 50.6% majority stake in Mail.ru by acquiring an additional 15% stake in the company from Tiger Global Management, reported Vedomosti. The deal could be valued at between $180 million and $200 million. That may put Mail.ru’s IPO plans in 2008 […]
Files under: News
Posted by: Yakov @ 12:54 [28. 07. 08]
The private equity fund, UFG Private Equity Fund I, acquired a 50%+1 stake in Industrial Media Network that operates a Kiev, Ukraine-based broadband Internet service provider under the IPNET name, reported business daily Kommersant. The deal could be valued at up to $10 million. The stake was acquired from FTH Corvette-Telecom that bought it for […]
Files under: News, Tech
Posted by: Yakov @ 13:15 [23. 07. 08]
The Russian financial group Finam led a consortium of Russian investors that acquired a minority stake in Deluxe Television, a Munich, Germany-based broadcaster of premium music television channels with a daily audience of 5 million people, with plans to increase its stake to 50% by the end of 2008. The value of the investment is […]
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