myriad international holdings
The Myriad International Holdings unit of Naspers has acquired a controlling interest in social networking and shopping site operator Multiply, we’ve learned.
Multiply will continue to operate under the same management team.
This company was originally founded in 2004 and raised $26.6 million in venture capital funding over the past few years in a bid to compete against the likes of MySpace and… → Read More
A unit of international media group Naspers, namely its subsidiary Myriad International Holdings, is to buy a 28.7% stake in Digital Sky Technologies (DST), the Russian firm behind investments in notable Internet companies like Facebook, Groupon and Zynga.
Naspers will be investing $388 million in cash, and contribute its 39.3% stake in Mail.ru into DST. Concurrently, Mail.ru management and other… → Read More