Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

ProfMedia

ProfMedia Shopping Rambler Media for $200m

Posted Wed, 21/04/2010 - 22:49

Just months after consolidating a 100% stake in Rambler Media, Russian media and entertainment holding company ProfMedia is looking to sell the business it first acquired in late 2006. ProfMedia's initial investment gained a 55% stake in Rambler for an estimated USD 250 million; the asking price has been set at around USD 200 million.

AOL Narrows List of Buyers for ICQ

Posted Wed, 14/04/2010 - 21:47 by Invest-IQ Team

Looking to complete the sale of ICQ and put it behind them, AOL has accepted the bids of a limited number potential buyers for the pioneer internet chat service. Though at least seven legitimate offers came in, AOL has narrowed the list of buyers to Russia's Digital Sky Technologies and ProfMedia, China's Tencent, and possibly one more which remains unnamed.

Troika Dialog Files Notification to Acquire Additional Rambler Shares

Posted Thu, 14/01/2010 - 22:24

Just days before being de-listed from London's AIM, Russian media giant Rambler Media received a shareholder notification from Moscow-based Troika Dialog. The notification states Troika's interest in acquiring 466,683 ordinary shares in Rambler, on top of what was purchased a week earlier. The shares represent just over 3% of Rambler's issued ordinary share capital and will be sold for USD 0.01 per share.

April IPO Planned for ProfMedia

Posted Thu, 07/01/2010 - 15:18 by Invest-IQ Team

Russian media giant ProfMedia announced in November of last year its plans to de-list Rambler Media from the London Stock Exchange's Alternative Investment Market. Now the company is looking to offer up to 40% of its own stock in a London IPO set for April of this year. The offering, which could potentially raise USD 800 million to USD 1 billion, would increase the value of ProfMedia to nearly USD 2.5 billion.