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Naspers Acquires 30 Percent Of Russian Portal Mail.ru For $165 Million

By Rafat Ali - Tue 23 Jan 2007 11:24 AM PST

Naspers, the South African media giant, has been spreading its digital wings in other countries...it is making a big push in India of late and now has bought 30 percent stake in Russian online portal Mail.ru for a total of $165 million. The shares have been acquired from Digital Sky Technologies and Tiger Global Management, who remain shareholders of the company.
The company says Mail.ru is the biggest e-mail provider in the country, and has 24 million unique monthly visitors, and about two billion monthly page views.
Some more details in the release here.

Posted in: Countries, Asia, VC+M&A

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2 Responses:

From BJacks Tue 23 Jan 2007 02:23 PM

I hope Naspers looked into how many of Mail.ru’s traffic is comprised of spam. I’ve had to completely block them from my server due to the high amount of spammers signing up for message board accounts using mail.ru addresses.

From Rafat Ali Tue 23 Jan 2007 03:01 PM

Bjacks
Good point...that is true. Even anecdotally everyone here gets a lot of spam from Mail.ru servers. Wondering what they due diligence there was.