Russian internet investment fund Digital Sky Technologies has upped its stake in top-two portal and email host Mail.ru to 50.55 percent by buying 15 percent from Tiger Global Management. Business paper Vedomosti estimates the investment at $180 million to $200 million. Mail.ru had been planning a $2 billion IPO in London as Russia’s new-wave internet scene gets hotter and hotter, but there’s now some suggestion the IPO may not be necessary in light of the new cash. Other shareholders are South African media group Naspers (32.07 percent) and Tiger Global Management (13.4 percent), while Yakov points out Digital Sky already has stakes in social net Odnoklassniki.ru and Facebook-a-like Vkontakte.
LAWPRO is the leading provider of professional indemnity insurance and services to thousands of providers in the Ontario legal community. LAWPRO also…Read More
Artificial intelligence (AI) and machine learning (ML) are redefining the enterprise IT landscape, as across verticals see the potential for AI and…Read More
This venerable New York-based newspaper has provided its readers news in a balanced and objective fashion for the last 170 years. As…Read More
VP of Research Jon Collins speaks with the brilliant Saahil Panikar about digital transformation in the COVID climate, and how to apply…Read More
The fundamental underpinning of an organization is its transactions. It must do them well, with integrity and performance. Not only has transaction…Read More
The business world is in a constant state of change. It’s moving faster than ever with more elaborate legal and compliance requirements…Read More