• 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, 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… Read More

  • Naspers Makes Strategic Investment In Craigslist Competitor OLX

    We’ve been hearing recently that South African media conglomerate and recent DST investor Naspers was sniffing around Crasiglist competitor OLX. Today, we confirmed with OLX co-founders Alec Oxenford and Fabrice Grinda that Naspers has made a strategic investment in the online classifieds company. While Buenos Aires-based OLX is not disclosing the amount invested, we’ve heard… Read More

  • Naspers Buys 28.7% Of Facebook, Zynga Investor And ICQ Owner DST

    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 into DST. Concurrently, management and… Read More

  • MXit: The South African Mobile Company You Should Know

    I’ve been to Africa three times in the last year, twice to Rwanda and last week to Cape Town. But people tell me I still haven’t seen “The Real Africa.” Rwanda—as I’ve written—has had a major rebuild after its horrific genocide some 15 years ago, and even in the poorest parts of the country boast far better access to water, power and technology… Read More

  • Central European asset roll-up as Naspers looks to buy Forticom

    It looks like some major consolidation is about to go down in the Central European Internet market, and in particular Poland. According to local newspaper reports, the largest Internet group in the region, Naspers/MIH Group, is conducting due diligence of assets belonging to DST (Digital Sky Technology)-owned holding Forticom. Naspers/MIH Group and DST already together own the largest… Read More

  • Naspers Could Be The Next Owner Of ICQ (And Why That Would Make Sense)

    Last week, it was reported that AOL – amid restructuring efforts in the lead-up to the imminent Time Warner spin-off and IPO – was putting its instant messaging service unit ICQ on the block and had hired bankers Allen & Co. and Morgan Stanley to assist in the sales process. According to the reports, AOL was looking to offload the asset for $300 million and talking to a pair… Read More

  • European Mobile VoIP Startup Nimbuzz Raises $15 Million

    Mike Butcher at TechCrunch UK reports: Word has reached me that Netherlands-based Nimbuzz, the mobile VoIP and IM startup that extends into social networks, has raised $15 million in a second round led by Naspers/MIH, with Nimbuzz’s other major existing investor Mangrove Capital Partners also participating. It’s already had $10 million from Mangrove (the original Skype investor). Read More