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Tencent Values DST at $3 Billion; Invests $300 Million

Files under: News
Posted by: Quintura @ 14:12 [12. 04. 10]

The leading Chinese instant messaging platform QQ-owner Tencent has invested $300 million in exchange for a 10.26 percent economic interest in Russia’s major Internet investment firm Digital Sky Technologies (DST), the company announced on April 12. The investment values DST at almost $3 billion. Tencent and DST share the same investor Naspers/MIH Group, which owns [...]

DST, Tiger Invest in Zynga to Bring Social Games to Russian Social Networks

Files under: News
Posted by: Quintura @ 04:05 [16. 12. 09]

Russian Internet group DST (Digital Sky Technologies), which recently help merge leading Russian online portal Mail.ru with online games publisher Astrum Online Entertainment, has led $180 million investment in world’s #1 social games company Zynga, according to NYTimes.com. The other investors in the round included Tiger Global, Institutional Venture Partners and Andreessen Horowitz. The new [...]

Yandex and Google Hold 96% Search Share in Russia

Files under: News
Posted by: Quintura @ 04:48 [26. 10. 09]

The alternative search engines held only 1.3 percent share of searches in Russia in August 2009, reported Vedomosti by citing data from comScore.  The Russian search market leader, Yandex held 54.5 percent share of searches, ahead of Google (34.5%), Mail.ru (7.4%), Rambler (1.9%) and Microsoft’s Bing (0.4%). According to comScore, there were 21.5 million search users [...]

Mail.ru 2008 Revenues up 45% to $75 Million

Files under: News
Posted by: Quintura @ 14:00 [23. 06. 09]

The leading Russian online portal Mail.ru, which is owned by Digital Sky Technologies (DST) and Naspers, has announced 2008 financial results according to US GAAP. The company accounts were audited by Ernst & Young. Mail.ru 2008 revenues were $74.6 million, up 45% from 2007. The net income was $34.3 million in 2008, up 29% from [...]

Mail.ru Shareholder Naspers to Acquire Polish Bankier.pl for $19 Million

Files under: News
Posted by: Quintura @ 23:19 [10. 06. 09]

Naspers‘ Polish subsidiary MIH Allegro said it has launched a public tender offer to acquire up to 100% of Warsaw-listed financial portal Bankier.pl, for a total value of $19.3 million. Bankier.pl, which is a top 3 Polish financial news portal with 1.9 million monthly unique visitors, provides information on financial news, analysis and comparison-shopping on [...]

Mail.ru Invests $5 Million In Movie Production

Files under: News
Posted by: Quintura @ 13:51 [19. 01. 09]

What do you do when a bulk of your revenues comes from display (banner) advertising and you expect an upcoming economic crisis may eat it up? You invest free cash to diversify revenues. This is what Mail.ru, Russia’s 3rd largest Internet company in terms of revenues, has done. First, it released its own search engine [...]

Mail.ru Turns 10; Reports 50+ Monthly Users

Files under: News
Posted by: Quintura @ 06:35 [16. 10. 08]

The leading Russian internet company Mail.ru turned 10 on October 15, 2008, the company announced. Mail.ru received a telegram from Dmitry Medvedev, President of Russia who congratulated its staff on the 10th anniversary. Started as a web mail service, Mail.ru now also operates some of the most popular online services in Russia such as instant [...]

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 [...]

How Long Mail.ru and Yandex Will Lead The Russian Internet Race?

Files under: Inside View, News
Posted by: Quintura @ 14:00 [17. 07. 08]

The most popular Russian web properties in June 2008 were Mail.ru with 14.7 million unique visitors, Yandex with 14.6 million, the social networks Odnoklassniki.ru – 10.6 million and Vkontakte – 9.4 million, and Rambler – 9.1 million, reported business daily Vedomosti according to TNS Web Index. Mail.ru also led the Russian market with 6.2 million [...]

Social Network Vkontakte Named Top Russian Web Site

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 19:39 [13. 06. 08]

// The leading Russian social networking site Vkontakte has been named top Russian web-site, in the list of top ten Web 2.0 sites in Russia reported by an Eastern European advisory firm GoalEurope, based on data collected by Alexa. Vkontakte, which was started as a copycat of Facebook by two brothers Pavel and Nikolai Durov [...]

Mail.ru Founder Secures $4 Million Funding For DataArt

Files under: News
Posted by: Quintura @ 13:56 [29. 05. 08]

The London-based Tower Gate Capital together with a Russian hedge fund and New York-based Third Millennium Russia Fund invested $4 million in DataArt, a high-end software outsourcing provider with development centers in Russia and the Ukraine. The company said it would add $2 million to the round in the near future. 11-year old DataArt is [...]

Naspers Co-Owned Mail.ru To Do IPO At $2 Billion Value in London

Files under: News, Tech
Posted by: Quintura @ 09:59 [21. 05. 08]

The largest Russian free web mail provider and portal Mail.ru is expected to do an initial public offering (IPO) of shares in London in 2008 that would value the company at $2 billion, reported business daily Kommersant today. It is said that the company is discussing IPO terms with the banks Citibank, Goldman Sachs and [...]

comScore Ranks Top Russian Search Properties and Web Sites

Files under: News
Posted by: Quintura @ 00:01 [14. 04. 08]

In February 2008, 47.4% of all searches in Russia were conducted on Yandex, followed by Google (31.2%), Rambler (9.7%), Mail.ru (7%), Yahoo! (1.3%), AOL (1.1%), and Microsoft (0.6%), says a new study of Russian Internet usage from comScore. The results of the study will imply that the Russian alternative search engines including Quintura.ru held 0.5% [...]