Tiger Global Management
Tiger Global Management, LLC (TGM) was established in 2001 as an investment management firm in New York, NY. TGM is active in the energy, media, real estate, and telcomm sectors, as well as private equity and hedge funds.
Posted Sun, 15/08/2010 - 23:02
The value of U.S.-based LikedIn Corp. got a good boost in July after a USD 20 million investment by Tiger Global Management, LLC. The Tiger investment represents a 1% stake, acquired through the purchase of shares from existing shareholders at USD 21.50 per share. With 105 million shares still outstanding, the USD 21.50 price values the company at more than USD 2 billion.
Posted Fri, 30/07/2010 - 23:36
With Russian online travel sales expected to increase to as much as 30% of the total travel sales market, online travel sites stand to benefit greatly in coming years. The good outlook may be one of the things that has motivated New York-based Tiger Global Management to invest in Russia's Anydayanyway.com. Tiger global has acquired a 40% share of the company for nearly USD 10 million, adding it to a Russian portfolio which also includes the Yandex search portal.
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 Sun, 11/10/2009 - 11:41
In a bid to prevent any single investor from accumulating more than a 25% share in Yandex NV (the Dutch holding company), the company has agreed to sell a priority or "golden" share to Russian state-owned Sberbank. The single share, to be purchased for €1 gives Sberbank veto power over anyone attempting to purchase a larger than acceptable stake. The decision is an attempt to allow Yandex to continue its strategy of governance without a single majority shareholder.
Posted Thu, 17/09/2009 - 15:01
Rumors have been circulating around Russian search engine Yandex and its plans to raise several billion dollars in a future IPO. Now a handful of Yandex private investors including Oradell Capital have sold shares equalling a 9% stake in the company, to a group being managed by Baring Vostok, UFG Asset Management, and Tiger Global Management. With Yandex currently valued at USD 1.1 billion, the acquisition cost the group about USD 100 million but increased their total Yandex shares to nearly 60%.
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.
Posted Thu, 07/06/2007 - 00:00
Tiger Global Management acquires a minority stake in Neogen SA and eJobs Group srl.
