Defend Truth

Naspers buys 28.7% stake in Russian internet firm

Myriad International Holdings, a division of South African media company Naspers, is to buy a 28.7% stake in Russian internet firm Digital Sky Technologies. Naspers will pay $338 million for shares from existing investors, $50 for new shares, and give DST its 39.3% stake in Russian internet company Mail.ru. DST also owns ICQ, which is the leading internet messaging system in Russia and eastern Europe. Read more: Businessweek

Gallery

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options