Shares in Russian Internet group Mail.ru have fallen to their lowest point since the company went public last year. But since the company has been indirectly fueling Silicon Valley’s latest investment boom, a serious slump could have repercussions far beyond Moscow. Read More »
Tech
Since Russia’s Yuri Milner burst onto the scene with heavy investments in Facebook, Groupon and Zynga, many rivals have wondered whether he can see something they can’t. So what did he have to say for himself during a rare public appearance? Read More »
Much-vaunted European music service Spotify has been craving a move to the United States for a long time — but has been stuck in tough negotiations with American labels. But its plans could receive a huge boost if rumors of a $100m investment prove accurate. Read More »
Mail.ru, the Russian holding company formerly known as Digital Sky Technologies, has filed for an initial stock offering on the London stock exchange, one that could give the company a market value as high as $6 billion. The company has investments in both Facebook and Zynga. Read More »
Russian investment fund Digital Sky Technologies is expected to go public sometime next year, according to reports. The company owns stakes in several of the hottest Internet companies around, including Facebook, social-game maker Zynga and group-buying site Groupon, as well as several leading Russian Internet companies. Read More »
There was a push and pull throughout the TechCrunch Disrupt conference this week about the role investors play in Internet startups. Sometimes, it’s worth it to find an investor who’s willing to invest at a big valuation and leave a company alone. Read More »
AOL is finally offloading ICQ, to a newly familiar name in the tech investing space, Digital Sky Technologies, for $187.5 million. Back in another era — in 1998 — AOL paid $407 million to buy ICQ. Read More »
Collective buying site Groupon has taken $135 million from DST and Battery Ventures, valuing it at more than $1 billion. It has now raised more than $170 million, with previously projected revenue of $100 million for 2010. Read More »
It seems Facebook employees are welcoming the invitation to get rich. The new tech IPO market, aka Russian Internet holding company Digital Sky Technologies, has upped its stake in Facebook to more than 5 percent through employee stock sales, according to Russian outlet Kommersant. Read More »
Instead of holding out for an IPO or acquisition, these days, employees who have spent years at burgeoning startups are eager to sell their stock holdings in exchange for cash, an article in the Wall Street Journal pointed out today. Case in point:… Read More »
Facebook employees, have you been eyeing your friends at Google with disdain and jealousy as they cash out their options to buy houses and cars and the like (at least the ones who joined the company early on)? Have no fear, now you,… Read More »
Facebook today confirmed that it has received a $200 million investment from Digital Sky Technologies, valuing the Palo Alto, Calif.-based company at $10 billion, significantly less than it was in 2007 after an investment made by Microsoft valued it at $15 billion. In… Read More »
