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Digital Sky Technologies Acquires Majority Stake in Mail.ru
Yakov is reporting that Digital Sky Technologies has obtained an additional 15% stake in Mail.ru from Tiger Global Management for $180-200 million. This moves Digital Sky Technologies’ into the majority stakeholder position with 50.6%. Yakov also notes, "It’s also reported that DST could be selling a controlling stake in itself to Alisher Usmanov, founder of Metalloinvest and owner of Kommersant publishing house. Kommersant recently merged its online newspaper Gazeta.ru into LiveJournal’s owner SUP."
Mail.ru has 6.2 million daily visitors and 14.7 million monthly visitors and one of the stakeholders reported income of $56 million for year 2007. DST’s assets range somewhere between $1.1 billion and $3 billion.
Mail.ru was voted one of the top Web sites in Russia earlier this year.
