dst

  • DST CEO Yuri Milner: Facebook Will Help Power Artificial Intelligence In Ten Years

    Today at the Web 2.0 summit, DST chief Yuri Milner took the stage with John Battelle, where he discussed the firm’s investment strategy (DST has taken major stakes in Facebook, Zynga, and Groupon). Milner was reserved with most of his answers, declining to discuss details on DST’s investments or what other companies it is eyeing, but he did have some interesting things to say… 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

  • 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 Mail.ru into DST. Concurrently, Mail.ru management and… 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

  • DST's Yuri Milner: Facebook Is Going To Be The Social Graph That Unifies All Civilization

    DST's Yuri Milner: Facebook Is Going To Be The Social Graph That Unifies All Civilization

    If you hadn’t heard of Russian Internet holding company Digital Sky Technologies one year ago, you probably weren’t alone. But last May — almost exactly one year ago — DST took the tech industry by storm with a $200 million investment in Facebook. It followed that up with a huge investment in Zynga, one in Groupon (and another in Facebook). Today at TechCrunch… Read More

  • AOL Sells Instant Messaging Service ICQ To DST For $187.5 Million

    AOL Sells Instant Messaging Service ICQ To DST For $187.5 Million

    It’s done. AOL has officially sold instant messaging service ICQ to Russian investor DST for $187.5 million. In a release, AOL CEO Tim Armstrong said “As AOL continues its turnaround effort, we’re fortunate to find a great home for ICQ with DST.” Rumors of ICQ’s possible sale were first reported last November. We’d heard speculation that Naspers was… Read More

  • Social games company Nival Network raises $7m from DST, 1C and Sergey Orlovskiy

    [Russia] The Moscow-based social games company Nival Network, part of the Nival Group, has raised $7 million in new funding from DST, 1C Company and Nival Group founder & CEO Sergey Orlovskiy, according to a report (russian) in the Vedomosti newspaper. DST have invested $4 million for a 12.5% stake, with software vendor 1C (a previous investor) providing an additional $1 million and… Read More