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Mail.ru Valued At $2 Billion

Files under: News, Tech, Web 2.0
Posted by: Yakov @ 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 [...]

Russian Instant Payment Providers Merged

Files under: News
Posted by: Yakov @ 20:58 [29. 07. 08]

The newly-formed OE Investments has become the leading instant payment processing company in Russia with 47% market share, reported Reuters. The company expects revenues of $200 million on $10 billion turnover in 2008, up from $7 billion in 2007.
OE Investments was created as a result of the merger of instant payment processing companies OSMP (QIWI [...]

Digital Sky Technologies Consolidates 50% of Mail.ru

Files under: News
Posted by: Yakov @ 17:29 [28. 07. 08]

Digital Sky Technologies (DST), an Internet investment group run by Yuri Milner, has obtained a 50.6% majority stake in Mail.ru by acquiring an additional 15% stake in the company from Tiger Global Management, reported Vedomosti. The deal could be valued at between $180 million and $200 million. That may put Mail.ru’s IPO plans in 2008 [...]

Odnoklassniki.ru Russian Owners Take on Facebook With Polish Deal

Files under: News, Tech, Web 2.0
Posted by: Yakov @ 18:14 [11. 06. 08]

The European Founders Fund (the Samwer brothers) sold their minority 10% stake in Nasca-Klasa, the largest online social network in Poland with over 11 million users, to Forticom, one of the major owners of the largest Russian online social network Odnoklassniki.ru (aka Classmates), as a part of the Forticom’s acquisition of a 70% majority stake [...]