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17 August 2017 15:48 (South Africa)

Naspers buys 28.7% stake in Russian internet firm

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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