First Billion Made in Russian Internet

Mail.ru officially becomes the first billion-dollar Internet company in Russia. The latest financial results released by Naspers, a South Africa-headquartered media and Internet group, reveal that it has acquired a further 2.6% stake in Mail.ru for $26 million, thus valuing the company at $1,000 million. Naspers first bought a 30% stake in Mail.ru for $165 [...]

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