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.

mail.ru

Astrum Online to Merge Under the Mail.ru Brand

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.

Mail.ru to Merge With Gaming Giant Astrum Online

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.

Naspers Gains Majority Share of Mail.ru

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.