Mail.Ru has issued a preliminary trading statement for the fiscal year 2011. The largest Russian-language Internet company, is looking at a margin outlook of 50 percent this year according to CEO Dmitry Grishin, speaking on a conference call, and plans to reinvest the cash to improve its products. Net income in the second half of 2011 almost tripled year on year to $122.9 million. Shares were up… → Read More
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
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
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