According to German blog Mydividends.de Mail.ru, Russia’s biggest internet firm (in which Naspers holds a 29% stake) sold (some, or all) of its Facebook shares to pay an extraordinary dividend of $3.80 U.S. per share. In total $795 million U.S. will be paid out to shareholders on Aug. 17.

Then Naspers’ “acquisition kitty” will be roughly $231 million fuller. Not bad.

Here is the report of Mydividends.de and here the official press statement of Mail.ru. Note: the official statement doesn’t mention the Facebook sale.

Not known, is whether Mail.ru sold all or just some of its shares in Facebook and at what price Mail.ru sold. Before this sale, Mail.ru held 2.33% of all Facebook shares.

Mail.Ru Group also (still) holds 21.35% in QIWI, 39.99% in Russian social network “VKontakte”, 1.41% in Zynga Game Network Inc., 4.63% in Groupon Inc. and smaller stakes in a number of small Russian and Ukrainian internet companies.

here.

I’m talking about Mail.ru’s IPO plans for the LSE.

Yes, yes. If you were a regular reader of this blog, you would have bought Naspers at R270 on 14 July and smiled today (at R330).

Today Fin24 wrote this.

But, don’t sell yet – the fun is only starting.

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]

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.

I have a little Easter surprise for Naspers shareholders back home. In fact, it’s a double-pack of surprises – the one positive, the other negative.  [Read on]

This article from the Russian news service RIA Novosti just for the record (it first appeared in July 2008). Mail.ru is a Russian internet company. I republished without changing anything (in case some sentences don’t make sense!):

Mail.ru shareholders have not abandoned plans to offer their company’s stock on the London Stock Exchange (LSE), CEO Dmitry Grishin told Kommersant on Tuesday. 

“We have decided to postpone the IPO for a year. The reason is simple: all shareholders who wanted to sell their stakes have done so, and it makes no sense to step up the process.” 

Mail.ru has never in the past confirmed its listing plans officially. A source close to the company said Port.ru Inc. will carry out the IPO. It owns netBridge Ltd., a 100% owner of Mail.ru. 

Grishin said that in July the list of Mail.ru beneficiaries was overhauled, but now can be considered fixed until the public offering. 

A source close to the company said Tiger Global Management, an American investment foundation, last week sold 14.55% of its 27.95% stake in Mail.ru to Digital Sky Technologies (DST), managed by Yury Milner, a former director of Concern Neftyanoi, and Grigory Finger, executive director of NCH Advisers. The source said Tiger had initiated Mail.ru’s IPO in 2008 to take profit. 

Currently, he said, 50.55% of Mail.ru is controlled by DST, 13.4% by Tiger, and 32.6% by the South African media company Naspers Ltd., with the rest belonging to minority shareholders, including Dmitry Grishin. 

Sources in some investment banks, including Deutsche Bank and Renaissance Capital, say the list of DST owners is now also changed and includes businessman Alisher Usmanov. The Mail.ru top manager said Usmanov has obtained 30% in DST. 

As the Mail.ru IPO was scheduled for the third quarter of 2008, no new share issue was planned. Citibank, Goldman Sachs and Credit Suisse wanted to underwrite it.

“Mail.ru finally chose Goldman Sachs,” said an official of one of these banks. 

Goldman Sachs yesterday declined to comment. 

“As far as we know, the owners of the Internet resource planned to sell between 25% and 40% in the company, i.e. not only Tiger wanted to take profit. But the situation on the financial markets would not have allowed them to secure adequate capital. There was even a strong urge to cancel the IPO,” said Ivan Shuvalov, a senior Alfa Bank analyst. 

Under the current setup, he believes, Mail.ru can look to a capitalization of $1.5 billion at the most, while shareholders want $2 billion. 

PS. Let’s hope someone asks Mail.ru soon what has happened to their listing plans.

The Russian business newspaper Kommersant today reported Mail.ru, the leading Russian website in which Naspers holds a 32% stake, invested in a Russian horror and adventure movie called “Viy” in exchange for a share in the box office returns. [Read on]

Naspers has made it in Russia. And that’s official.  [Read on]