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Odnoklassniki.ru and Vkontakte Investor Seeks Board Seat at Facebook

Files under: News
Posted by: Quintura @ 12:41 [25. 05. 09]

Yuri Milner, the founding partner of Internet investment holding Digital Sky Technologies (DST), whose social networks in portfolio companies have more than 85 million registered members and 20 million daily users, is seeking a Board of Directors post at Facebook as a part of proposed $200 million to $350 million investment into the company, reported business newspaper Kommersant. Having a Board seat and owning a stake in Facebook would put DST in a strong negotiation position, if it were to merge its social networking portfolio assets into Facebook.

Digital Sky Technologies (DST) is the majority owner of Forticom Group, the operational holding company that runs market leading social networks such as Odnoklassniki.ru in Russia, Nasza-Klasa.pl in Poland, One.lv in Latvia and One.lt in Lithuania. DST also owns a significant minority stake in Vkontakte.ru, the leading social network in Russian-speaking internet among young people with 35 million registered members and 9.5 million daily users.

DST is the largest investor in Russian internet companies. Its portfolio include MMO games developer and operator Astrum Online Entertainment, electronic payments operator OE Investments, online recruitment service provider HH.ru (HeadHunter), e-commerce business platform Center for Economic Developments (B2B-Center.ru), and more than 20 other companies.

DST is run by three partners Yuri Milner, Gregory Finger and Alexander Tamas. The company has offices in Moscow and London.

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