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Digital Sky Technologies Consolidates 50% of Mail.ru

Files under: News
Posted by: Quintura @ 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 on hold. It’s also reported that DST could be selling a controlling stake in itself to Alisher Usmanov, founder of Metalloinvest and owner of Kommersant publishing house. Kommersant recently merged its online newspaper Gazeta.ru into LiveJournal‘s owner SUP.

Mail.ru is Russia’s leading web-site with 6.2 million daily visitors and 14.7 million monthly visitors, says TNS Web Index.

According to Mail.ru‘s 32%-owner Naspers of South Africa, Mail.ru generated revenues of $56 million with EBITDA margin of 64% in 2007. Mail.ru is the 3rd largest Russian Internet company by revenues, after Yandex and Rambler.

DST owns significant minority stakes in two leading Russian social networks Odnoklassniki.ru and Vkontakte, the leading Russian online recruitment site HeadHunter, and the others. The business magazine SmartMoney put a value of DST‘s assets on between $1.1 billion and $3 billion, which is expected to grow to $5 billion in 2010.

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6 Responses to «Digital Sky Technologies Consolidates 50% of Mail.ru»

  1. 1 Alt Search Engines » Blog Archive » Usmanov Seeks To Acquire Stake In Yandex Quintura @ 17:29 [28. 07. 08]

    [...] was earlier reported that Alisher Usmanov has acquired significant minority stakes in Digital Sky Technologies (DST) (majority owner of Mail.ru) and SUP (owner of LiveJournal). In 2007, Russia’s leading investment [...]

  2. 2 Quintura blog » Blog Archive » Mail.ru Buys Into Online Dating Platform Mamba Quintura @ 17:29 [28. 07. 08]

    [...] only last month when Internet investment group Digital Sky Technologies (DST) took control over the leading Russian email service and portal Mail.ru. Its shareholders [...]

  3. 3 Quintura blog » Blog Archive » Global Technology Fund To Invest $30 Million in Instant Payment Operator Quintura @ 17:29 [28. 07. 08]

    [...] July 2008, Internet investment group Digital Sky Technologies obtained a 25% stake in OE Investments, the leading Russian instant payment processing provider [...]

  4. 4 Quintura blog » Blog Archive » GQ Names Odnoklassniki.ru Founder Businessman Of The Year Quintura @ 17:29 [28. 07. 08]

    [...] business. The majority stake in Odnoklassniki.ru is held by Internet investment group Digital Sky Technologies (DST) and its [...]

  5. 5 The Russians are Coming! | Viraload Quintura @ 17:29 [28. 07. 08]

    [...] Mail.ru  is the largest free e-mail service of the Runet, Russian language internet.  Mail.ru is Russia’s leading web-site by daily reach with 6.2 million daily visitors and 14.7 million monthly visitors, says TNS Web Index.   The Russian email service provider and Internet portal Mail.ru has acquired a 30-percent stake in the Russian dating site Mamba.ru from the Finam Investment Company, according to blog Quintura [...]

  6. 6 Quintura blog » Blog Archive » Mail.ru Co-Owner Acquires Hungarian Online Auction Site Quintura @ 17:29 [28. 07. 08]

    [...] Group, the online arm of the South African media and Internet group Naspers, which owns 32.6% of Mail.ru, acquired Vatera.hu for HUF 1.5 billion ($9 million). The online [...]

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