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Russia’s investment group, Digital Sky Technologies(DSK) has acquired an additional 15% stake in Mail.ru for $300 million from Tiger global Management. With this development, DSK now has a total of 50.6% majority stake in Mail.ru. Now the later is valued $2 billion as a result of the new deal. Being one of the Russia’s largest websites, Mail.ru has 14.7 million unique visitors per month.

Digital Sky Technologies is one of the Russia’s main investors in the online business and has its stakes in country’s leading social networks along with online recruitment, e-payment sites and others.

1. 
   September 29th, 2008 at 12:07 am
   General Specifiics Says:
   

   wow, 2billion.

   go russia!

2. 
   September 29th, 2008 at 4:29 am
   Shoaib Hashmi Says:
   

   2B and its the third largest online company. Russia is certainly doing good in online business.

3. 
   October 5th, 2008 at 3:38 am
   Dom Says:
   

   Wow, thats really interesting.
   Imaging if I could set up a $2b company…
   Welldone mail.ru

1. Mail.ru sells another 27% stakes | Startup Meme - Technology Startup and Latest Tech News