Moscow – Digital Sky Technologies (DST), the Russian
investment firm that has backed U.S. firms including Facebook and Zynga, is
getting a $388 million investment from South African media group Naspers.
Naspers will also contribute its 39.3% stake in Russian email provider Mail.ru
to DST — giving DST full control of Mail.ru — and emerge from the deal with a
28.7% stake in DST.
"Naspers’s strategic insight has already proven to be
valuable in our partnership and we welcome the expertise they will bring to
DST," said DST chief executive Yuri Milner.
"We are delighted to this
transaction and look forward to creating further value through our
relationship."
Related Links:
http://dst-global.com/Press5
