Digital Sky Technologies Limited
Posted Fri, 19/02/2010 - 21:45
Mail.ru co-owners Digital Sky Technologies (DST) and Naspers appear to be engaged in talks that could result in a merger of the two companies' social networking holdings in Poland. Russian-based DST owns a 75% stake in Nasza-Klasa.pl while the South African-based Naspers owns the Gadu Gadu instant messaging service.
Posted Thu, 07/01/2010 - 14:58
Nival Network, the Russian online gaming company owned by Nival Group, has secured significant venture capital financing which is expected to be dedicated to their newest project, Prime World. The USD 5 million deal was reached with unknown investors who see good potential in the Russian online gaming market, an industry that has received hundreds of millions of dollars in investment funding in recent years.
Posted Wed, 16/12/2009 - 23:24 by Invest-IQ Team
Fresh from a spin-off from Time Warner, AOL's Tim Armstrong is looking to sell the ICQ instant-messaging service for a possible USD 200 million to USD 300 million. Digital Sky Technologies, the global internet holding company, is currently engaged in negotiations with AOL though they are still in the early stages.
Posted Thu, 03/12/2009 - 17:43
Russia's leading internet portal, Mail.ru, has announced plans to acquire online gaming giant Astrum Online and merge the two companies. Russia's Federal Antimonopoly Service (FAS) recently gave Naspers, which owns a 43% stake in Mail.ru, the go-ahead to acquire between 38% and 100% of Astrum from majority shareholder Digital Sky Technologies.
Posted Wed, 18/11/2009 - 11:56
Russian internet investor Digital Sky Technologies (DST) has agreed to a deal enabling it to completely divest itself from Russia's Kinopoisk.ru web portal. DST has agreed to sell its 40% share the popular movie information site to French internet concern, AlloCiné. The remaining 60% will remain with Kinopoisk's founders, Vitaly Tatsiy and Dimitri Sukhanov. Though the price of the acquisition has not been disclosed, industry experts estimate it could be as much as ca. $2 million.
Posted Mon, 14/09/2009 - 12:20
Digital Sky Technologies acquired Russian internet portal Mail.ru in early 2009 and is now poised to merge it with another web giant, Astrum Online Entertainment. Astrum, best known for its Legend and Allods online role-playing games, has been working with DST since the spring to promote the new Legacy of the Dragons game. Financial details of the merger have not been disclosed.
Posted Fri, 12/06/2009 - 10:38
Yuri Milner, founding partner and CEO of Digital Sky Technologies (DST), has recently put forth the possibility of his company offering an IPO within the next three years. Specific dates have not been mentioned since market conditions will play a big role in the decision when the time comes. The company was recently valued at roughly $1 billion when Russia's Alisher Usmanov purchased a 2% share of DST from Renaissance Partners.
Posted Fri, 29/05/2009 - 10:05
Russian billionaire Alisher Usmanov has increased his stake in Digital Sky Technologies (DST), through a purchase of half of Renaissance Partners' 4% stake. Renaissance Partners, part of the international investment firm Renaissance Group, has been a shareholder in DST since 2007. Details of the purchase have not been released. The purchase increases Usmanov's stake from 30% to 32%.
Posted Wed, 27/05/2009 - 15:09
Facebook, the internationally known social-networking web site, has announced a deal bringing Digital Sky Technologies into the fold as a Facebook investor. The deal is structured as a purchase of USD 200 million in preferred stock, giving DST nearly a 2% stake in the company. Future plans, if realized, will see DST investing an additional USD 100 million for Facebook common stock. The investment deal is similar to the one Facebook struck with Microsoft in 2007. That deal was a USD 240 million purchase giving the Redmond based software giant a stake in Facebook equal to about 1.6%.
Posted Thu, 12/03/2009 - 01:00
A recent Quintura blog has turned up a story from Russian business daily Vedomosti, which reports an investment by Digital Sky Technologies in Sape.ru. The investment, of which the value and details have not been made public, was completed in early 2008 and gives Digital Sky a 25.1% stake in the Russian link exchange service.
Posted Mon, 02/02/2009 - 01:00
Digital Sky Technologies, the leading Russian Internet investor has acquired a minority stake in WinNER.
Posted Sun, 28/09/2008 - 00:00
South African media group Naspers, which first purchased a stake in Russia's mail.ru in January 2007, has made an additional purchase and is now the majority stock holder. The latest deal was valued at approximately USD 25 million, and combined with the first purchase at USD 165 million, Naspers total investment is estimated in the area of USD 190 million.
Posted Tue, 27/11/2007 - 01:00
A group of international investment firms have acquired minority stakes in the Estonian job website CV Keskus. GILD Bankers advised the company on the transaction to invest more capital into the fledgling company.
