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Alisher Usmanov Seeks To Acquire Stake In Yandex

Files under: Inside View, News
Posted by: Quintura @ 12:27 [4. 08. 08]

The founder of Metalloinvest holding and owner of Kommersant publishing house, Alisher Usmanov is becoming a major investor in Russian internet, reported business daily Vedomosti. According to newspaper, he is negotiating an acquisition of a 10%-20% stake in Russia’s leading search engine Yandex from the founding managers of the company as well as via new shares at upcoming IPO on NASDAQ. Based on the company’s expected valuation of up to up to $5 billion, the stake could be worth some $1 billion. The investment banks Morgan Stanley, Deutsche Bank and Renaissance Capital are managing the Yandex’s IPO.

Yandex generated revenues of $167 million in 2007. Yandex accounted for 54% of all search traffic in Russia in Q1 2008, ahead of Google (19%) and Rambler (14%). Yandex was ranked 3rd search property in Europe with 528 million monthly searches, according to comScore in May 2008.

It 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 bank Renaissance Capital served as exclusive financial adviser to Metalloinvest on acquisition of a controlling stake in music television channel Muz-TV as well as financial adviser to Digital Sky Technologies on sale of a minority stake in Mail.ru to Naspers.

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5 Responses to «Alisher Usmanov Seeks To Acquire Stake In Yandex»

  1. 1 Russian mining and publishing billionaire goes after a stake in Yandex Quintura @ 12:27 [4. 08. 08]

    [...] Quintura blog offers some more background info on Alisher Usmanov’s Internet adventure. Usmanov might be encouraged by the Russian [...]

  2. 2 LiveJournal billionaire seeks Yandex stake – WebProNews Blog Quintura @ 12:27 [4. 08. 08]

    [...] Quintura blog noted his [...]

  3. 3 Alisher Usmanov Looking To Invest In ?????? (Yandex) Search Engine Quintura @ 12:27 [4. 08. 08]

    [...] Link: 1. Quintura Blog addthis_url = [...]

  4. 4 Russian Investor to acquire stakes in country’s top Search Engine | Startup Meme Quintura @ 12:27 [4. 08. 08]

    [...] Metalloinvest holding is emerging as top investor in the internet arena of Russia. According to a report, he is currently in negotiation with Russia’s leading search engine ‘Yandex’, regarding the [...]

  5. 5 Alt Search Engines » Blog Archive » Yandex Announces New Logo in Russia Quintura @ 12:27 [4. 08. 08]

    [...] network MoiKrug, and bought out its partner in online payment system Yandex.Money. The upcoming Yandex IPO is expected to be the biggest technology IPO on NASDAQ in 2008. According to the company’s own [...]

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