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Mail.ru Valued At $2 Billion

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 03:33 [24. 09. 08]

Digital Sky Technologies (DST), Internet investment group in Russia run by Yuri Milner, has obtained a 50.6% majority stake in Mail.ru by acquiring an additional 15% stake in the company for $300 million from Tiger Global Management, reported business daily newspaper Vedomosti. As a result of the deal, Mail.ru was valued at $2 billion. DST sold a 35% stake in itself to Alisher Usmanov, founder of Metalloinvest and owner of Kommersant publishing house to finance the deal, the daily said. The online newspaper Gazeta.ru, which’s part of Kommersant, was recently merged into LiveJournal-owner SUP.

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.

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.

Digital Sky Technologies (DST) is a major investor in Russian internet that owns significant stakes in two leading Russian social networks Odnoklassniki.ru and Vkontakte, the leading Russian online recruitment site HeadHunter, electronic payment provider OE Investments, and the others.

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7 Responses to «Mail.ru Valued At $2 Billion»

  1. 1 Roundup: Economic rescue package debated, Buffett invests $5 billion in Goldman, third Google founder surfaces » VentureBeat Quintura @ 03:33 [24. 09. 08]

    [...] Russia’s third largest Internet company, valued at $2 billion: Digital Sky Technologies, the Internet investment group in Russia run by Yuri Milner, has obtained a… in Mail.ru by acquiring an additional 15% stake in the company for $300 million from Tiger Global [...]

  2. 2 Roundup: Economic rescue package debated, Buffett invests $5 billion in Goldman, third Google founder surfaces » VentureBeat Quintura @ 03:33 [24. 09. 08]

    [...] Russia’s third largest Internet company, valued at $2 billion: Digital Sky Technologies, the Internet investment group in Russia run by Yuri Milner, has obtained a… in Mail.ru by acquiring an additional 15% stake in the company for $300 million from Tiger Global [...]

  3. 3 Russia’s third largest online company Mail.ru valued at $2B, sells 15% stake | Startup Meme Quintura @ 03:33 [24. 09. 08]

    [...] With this development, DSK now has a total of 50.6% majority stake in Mail.ru. Now the later is valued $2 billion as a result of the new deal. Being one of the Russia’s largest websites, Mail.ru has 14.7 million [...]

  4. 4 Ryska Mail.ru v?rderat till 14 miljarder | N?tkoll.se | Nyhetsbloggen om n?tets aff?rer Quintura @ 03:33 [24. 09. 08]

    [...] ?r enligt Quintura rysslands allra popul?raste webbplats med n?rmare 15 miljoner bes?kare varje m?nad. Av dessa [...]

  5. 5 Quintura blog » Blog Archive » Digital Sky Technologies Could Acquire Seznam For $850 Million Quintura @ 03:33 [24. 09. 08]

    [...] Internet investment group Digital Sky Technology from Russia remains the most likely buyer of the leading Czech search engine and portal, Seznam, [...]

  6. 6 Quintura blog » Blog Archive » Mail.ru Co-Owner Acquires Hungarian Online Auction Site Quintura @ 03:33 [24. 09. 08]

    [...] news site Portfolio.hu reported. Mail.ru recently postponed its London-based IPO until 2009 after Digital Sky Technologies obtained a majority stake in the company in a deal that valued Mail.ru at $2 [...]

  7. 7 Quintura blog » Blog Archive » Rambler Launches Massive Ad Campaign Quintura @ 03:33 [24. 09. 08]

    [...] year. Rambler’s ranked 5th by daily reach in Russia with just under 3 million users, after Mail.ru, Yandex, Odnoklassniki.ru, and Vkontakte, according to TNS Web [...]

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