Naspers Acquires 30 Percent Of Russian Portal Mail.ru For $165 Million

Naspers, the South African media giant, has been spreading its digital wings in other countries…it is making a big push in India of late and now has bought 30 percent stake in Russian online portal Mail.ru for a total of $165 million. The shares have been acquired from Digital Sky Technologies and Tiger Global Management, who remain shareholders of the company.
The company says Mail.ru is the biggest e-mail provider in the country, and has 24 million unique monthly visitors, and about two billion monthly page views.
Some more details in the release here.

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