Tag Archive 'Digital Sky Technologies'

Jul 14 2010

Naspers strengthens position in Russia

Published by under Companies,Europe,Top Stories

Naspers announced it would pour more money into Russia for a 28.7% stake in Digital Sky Technologies (DST), one of Russia’s biggest internet companies. For the complete (unusually comprehensive) statement go here[Read on]

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Mar 25 2010

Giants team up against Naspers in eastern Europe

Published by under Companies,Top Stories

The growth potential of the businesses owned by SA-based media group Naspers in eastern Europe received a nasty blow with the announcement yesterday that the Springer Verlag, Germany’s biggest media group, and Ringier, Switzerland’s biggest media group, have joined forces to grow their market share in eastern Europe. [Read on]

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Jul 14 2009

DST ups Facebook stake

Published by under Companies,More News

Digital Sky Technologies (DST), Naspers’ partner in Mail.ru, has made an offer to buy Facebook shares from employees and investors at $14.77 per share. The offer values Facebook at $6.5 billion, reported German news portal Internetworld.de.

Should the share-buying action go as planned, DST will increase its stake in Facebook from 2% (which it acquired in May this year) to 3.5%. Internetworld quoted Facebook CEO Mark Zuckerberg as being “positive” about the development. He was especially happy about the fact that the price offered now was higher than the price offered in May, said the magazine.

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May 25 2009

Naspers partner eyes Facebook stake

Published by under Companies,More News

Digital Sky Technologies (DST), Naspers’ partner in Mail.ru, Russia’s 3rd biggest internet company (measured by revenue), may buy a stake in social network portal Facebook, reported Wall Street Journal and Reuters.

DST and Naspers holds 53.2% and 42.8% respectively in Mail.ru. Dmitri Grishin, CEO of Mail.ru, holds 3.5% in the company, which generated revenue of $56 million in 2007, with an EBITDA margin of 64%.

According to Reuters DST wanted to invest $200 million in an unknown number of preference shares and another $150 million in ordinary shares. Apparently, DST valued Facebook at around $10 billion. Facebook didn’t respond to the rumours.

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Sep 25 2008

Naspers stake in Mail.ru valued at R5.2 billion

Published by under Companies

Mail.ru, the leading Russian website in which Naspers holds a 32% stake, got a new majority shareholder, the Russian daily Vedomosti reported yesterday. [Read on]

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