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Article: Naspers Acquires 30% in Leading Russian Internet Company.
- Article from:
- Business Wire
- Article date:
- January 23, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SOUTH AFRICA -- Naspers Limited (JSE:NPN) (NASDAQ:NPSN), today announced that it has acquired a 30% minority stake in Russian internet company Mail.ru for a consideration of US$165 million. The shares have been acquired from Digital Sky Technologies and Tiger Global Management, who remain shareholders of the company.
Mail.ru is a leading provider of internet and communication services to the global Russian-speaking community, estimated to be approximately 300 million people. Ranked as the number one email service for Russian speaking users, it markets and provides a wide range of communication services. At present Mail.ru has some 24 million unique monthly ...