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Digital Sky Technologies (DST) Changes Name to Mail.ru Group ahead of IPO

Files under: News, Tech
Posted by: Quintura @ 13:04 [17. 09. 10]

The leading Russian internet group Digital Sky Technologies (DST) has changed its name to Mail.ru Group, the company announced. Mail.ru Group could do IPO in London at valuation between $5 billion and 6 billion in October 2010, newspaper Vedomosti reported.

Mail.ru Group owns Mail.ru online portal, Odnoklassniki.ru social network and ICQ instant messaging service. Mail.ru Group also owns stakes in Vkontakte social network, QIWI (OE Investments) instant payment service, HH.ru (HeadHunter Group) online recruitment service, and others. Mail.ru Group is headed by CEO Dmitri Grishin and COO Verdi Israelian.

Digital Sky Technologies (DST) investment arm DST Global, which has invested in Facebook, Zynga and Groupon, will be separate from Mail.ru Group. DST Global is headed by Yuri Milner.

According to Forbes.ru, DST’ shareholders include Yuri Milner and Gregory Finger (20%), Alisher Usmanov (25%), Naspers (28.7%), Tencent (7%), and the others (19.3%): Goldman Sachs, Renaissance Capital, Tiger Global, Igor Matsanyuk and Sergey Orlovskiy.

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