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FDN Database Reference: A0235-231115
ACQ Web: http://www.naspers.co.za/
Location: South Africa
Region: Middle East and Afica
Description: Naspers is a multinational media company with principal operations in electronic media and print media.
Contact 1: Ton Vosloo, managing director
Vendor: Astrum Online Entertainment
Vendor Web: http://www.astrumonline.ru
Description: Interactive entertainment market
Contact 1: Sergey Orlov, vice president Astrum
Details: Federal Antimonopoly Service (FAS) of Russia has granted a permission to Naspers/MIH Group to acquire between 38% and 100% stake in online game developer and publisher Astrum Online Entertainment from DST (Digital Sky Technologies). Tthe transactions between Naspers and DST is part of a merger between online portal Mail.ru and Astrum Online. The merger is expected to include both stock and cash transactions. DST owns a 53% stake in Mail.ru and majority stake in Astrum Online while Naspers/MIH Group owns a 43% stake in Mail.ru. Astrum Online’s revenues were estimated at $50 million last year.