digital sky technologies

  • DST Sets Up New Fund, Joins Huge Rounds For Spotify And China's 360buy: Reports

    According to Russian business newspaper Vedomosti (via Quintura), star investor Digital Sky Technologies has set up a new fund dubbed DST Global – 2. The fund has already made investments in Groupon (January 2011) and is close to investing $50 million in exchange for 5 percent of online music startup Spotify as part of a $100 million round, according to the paper. You may remember we… Read More

  • Is Yuri Milner A Threat To Silicon Valley?

    Editor’s note: Guest author Chris Yeh is an independent angel investor and VP of Marketing for PBworks, one of his investments. He has been involved with Internet startups since 1995. His Twitter handle is @chrisyeh. The big news this morning is Yuri Milner’s announcement that he and Ron Conway will be investing $150,000 in *every* Y Combinator startup on a no-discount… Read More

  • Michael Arrington Interviews Yuri Milner

    Arrington Ambush Interviews Crunchies VC Of The Year Yuri Milner

    Last night at the Crunchies, Yuri Milner of Digital Sky Technologies won the VC of the Year award (Fred Wilson of Union Square Ventures was a close runner-up). Milner has almost single-handedly created a new class of mezzanine venture capital, allowing companies like Facebook, Groupon, and Zynga to postpone IPOs while still getting a ton of liquidity and huge valuations. Before he could leave… Read More

  • $1 Billion Isn't Cool. You Know What's Cool? $50 Billion. Goldman And Facebook Agree.

    $1 Billion Isn't Cool. You Know What's Cool? $50 Billion. Goldman And Facebook Agree.

    While everyone has been busy wondering when Facebook was going to IPO, most were looking past the first question: how is Facebook going to IPO? But not TechCrunch alum Evelyn Rusli and Andrew Ross Sorkin. Tonight the pair are reporting that Goldman Sachs has just led a major new investment in the social network. An investment that values it at a nice round $50 billion. And the likely reason is… Read More

  • Groupon Insiders Take $345 Million Off The Table In Latest Funding Round

    Groupon Insiders Take $345 Million Off The Table In Latest Funding Round

    As we first reported last night, Groupon has already closed $500 million of a whopping $950 million funding round. Now the SEC filing is out showing that the first sale occurred on December 17, and that there is still $450 million worth of securities available to be sold in the current round. The new round gives Groupon a valuation of $4.75 billion. We noted that most of the proceeds of… Read More

  • DST Partner: On A Path To Becoming A $1 Billion Company? Come Talk To Us

    Le Web 10 host Loic Le Meur just finished his on-stage interview with Alexander Tamas, Partner at one of the most watched technology investment firms on the planet, DST / Mail.ru Group. That’s quite a presence you have: Groupon, Zynga, Facebook and … Twitter? Not Twitter (smiles). Read More

  • Facebook, Groupon And Zynga Investor Mail.ru (aka, DST) Shoots For $5.7B Valuation In IPO

    Mail.ru Group, formerly known as Digital Sky Technologies and notable investor in Internet sensations Facebook, Groupon and Zynga, among others, has filed for a $876 million IPO on the London Stock Exchange that would value the investment firm at up to $5.7 billion. That valuation is higher than expected (earlier reports predicted a $5 billion valuation). Read More

  • DST completes purchase of Odnoklassniki.ru, exits Nasza-Klasa.pl

    Internet investment group Digital Sky Technologies (DST) today formally announced the acquisition of Russian social network Odnoklassniki.ru, which we reported on last week. DST has bought out out the minority shareholders in Forticom Group Limited – which it now fully owns – and Odnoklassniki, and interestingly transferred its interest in the Polish social network Nasza-Klasa.pl… Read More

  • DST Tightens Its Grip On Russian Social Networking Scene Amidst IPO Plans

    Internet investment group Digital Sky Technologies (DST) today formally announced the acquisition of Russian social network Odnoklassniki.ru, which we reported on last week. DST has bought out out the minority shareholders in Forticom Group Limited – which it now fully owns – and Odnoklassniki, and interestingly transferred its interest in the Polish social network Nasza-Klasa.pl… Read More

  • DST buys Russian social network Odnoklassniki.ru

    The Internet investment group Digital Sky Technologies (DST) has acquired Odnoklassniki.ru, having previously owned an 80 percent interest in the Russian social network. The deal, reported to be valued between $14m and $28m, according to local newspaper Vedomosti, sees Odnoklassniki.ru founder, Albert Popkov, relinquish his remaining 20 per cent of the company. Popkov had raised several… Read More

  • What Valley Companies Should Know about Tencent

    What Valley Companies Should Know about Tencent

    Quick quiz: Who are the three largest Internet companies in the world by market capitalization? If you guessed Google and Amazon you got two right, but I’m betting few of our American readers guessed the third. I certainly wouldn’t have a year ago. It’s not eBay or Yahoo; it’s Tencent. If you are in the Web space and haven’t heard of them, read this post… Read More

  • Goldman Sachs vet John Lindfors joins Digital Sky Technologies as partner

    Global investment group Digital Sky Technologies (aka DST), who has famously invested in major Internet companies such as Facebook, Zynga and Groupon, has made another key hire. The latest finance whiz to join the Russian investment firm as partner is John Lindfors, who will start there next September. Read More

  • Facebook Investor DST Taps Another Senior Goldman Sachs Banker As Partner

    Global investment group Digital Sky Technologies (aka DST), who has famously invested in major Internet companies such as Facebook, Zynga and Groupon, has made another key hire. The latest finance whiz to join the Russian investment firm as partner is John Lindfors, who will start there next September. Read More

  • China's Tencent Invests $300 Million In Russian Facebook And Zynga Backer DST

    Today is a big day in Asia’s Internet industry. Earlier today, Korea’s NHN said it will buy major Japanese portal Livedoor, and now Tencent, China’s largest Internet company, has announced [PDF] it plans to invest $300 million in cash into Russian investment firm Digital Sky Technologies (DST). DST itself has been in the news repeatedly over the last few months, especially… Read More

  • Russian Investment Group DST Ups Its Facebook Stake To 5%+, Wants More

    Digital Sky Technologies, the Russian investment group founded by Yuri Milner and Gregory Finger, has increased its stake in social networking leader Facebook to more than 5% of the American company, Russia’s leading business newspaper Kommersant reports. Furthermore, DST is looking to increase its stake in Facebook even more, according to Yakov Sadchikov from Quintura, who picked up on… Read More

  • Zynga Takes $180 Million Venture Round From DST, Others (Cue Russian Mafia Jokes)

    Zynga, one of the stars of the Scamville drama, has raised a big round of funding – $180 million. Digital Sky Technologies, Tiger Global, Institutional Venture Partners and Andreessen Horowitz all participated in the round. The company has now raised $219 million in total. DST, which has invested $300 million in Facebook this year, led the round. As with Facebook, some of… Read More

  • Facebook Investor DST Expands Mail.ru With Astrum Online Merger

    Digital Sky Technologies (aka DST), the Russian Internet holding company that holds stakes in several major Russian-language social networking and communication players and notably also recently invested in Facebook, is melting two of its largest portfolio companies together into one online powerhouse. Astrum Online Entertainment, itself formed by DST after merging five online game companies… Read More

  • Facebook Investor Bets On Two Horses As Vkontakte.ru Plans To Go Global

    Russian social network Vkontakte.ru, notoriously heavily ‘inspired’ by Facebook‘s design, business model and features, is plotting an international roll-out according to daily business newspaper Vedomosti (Google translation). The report mentions that the company has recently acquired the domain name vk.com for an undisclosed amount and plans to use it to brand and market… Read More

  • DST To Buy Up To $100 Million In Facebook Employee Stock

    Russian investment group Digital Sky Technologies has placed a tender offer to purchase up to $100 million of common stock from current and former Facebook employees, we’ve confirmed from a source close to the deal. Employees who would like to accept the offer must accept the terms within 20 business days from today. The offer is for $14.77 per share, valuing the company at $6.5… Read More

  • Russian Investment Firm Poking Facebook For Board Seat

    When the WSJ broke the story about Russian tech investment group Digital Sky Technologies looking to buy a stake in Facebook for $200 million – a deal that would value the private company at $10 billion in preferred stock – there was still some uncertainty about whether the firm was gunning for a seat on Facebook’s board of directors as part of the investment offer, of if… Read More