The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Russian Investors Take Control Of Mail.ru, IPO May Be Off?

  • Comments Comments (View)
  • Text Size: A A

imageRussian internet investment fund Digital Sky Technologies has upped its stake in top-two portal and email host Mail.ru to 50.55 percent by buying 15 percent from Tiger Global Management. Business paper Vedomosti estimates the investment at $180 million to $200 million. Mail.ru had been planning a $2 billion IPO in London as Russia’s new-wave internet scene gets hotter and hotter, but there’s now some suggestion the IPO may not be necessary in light of the new cash. Other shareholders are South African media group Naspers (32.07 percent) and Tiger Global Management (13.4 percent), while Yakov points out Digital Sky already has stakes in social net Odnoklassniki.ru and Facebook-a-like Vkontakte.

SEE ALSO: Russians Take Controlling Interest In Ukranian Web Portal Meta

Jul 29, 2008 4:28 AM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Countries, Europe, Russia, digital sky technologies, mail.ru

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Android Apps (Paid) Android Apps (Paid)
1. Where's My Water?
2. Beautiful Widgets
3. Cut the Rope
4. MADDEN NFL 12 by EA SPORTS™
5. NFL Flick Quarterback
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff