Tiger sells its 27% Stake in Mail.ru | Startup Meme - Technology Startup and Latest Tech News

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Jan 5 2009

Tiger sells its 27% Stake in Mail.ru

Saad Ali Abbasi 

Mail_RU

Amidst Mail.ru’s plans to IPO this year, Tiger Global Management hedge fund sold its 27 percent stake in the company. The stakes were sold to existing shareholders Digital Sky Technologies and Naspers. This certainly shakes up Mail.ru’s original $2 billion valuation, as DST now controls a majority stake in the company.

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