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.

Yuri Milner

Digital Sky Technology Raises Possibilty of Future IPO

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.

Facebook Sells Preferred Stock to Digital Sky Technologies

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%.

Sape.ru Sees Investment From Digital Sky

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.