The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
ACQUISITION
FDN Database Reference: F231109-256
Acquirer: Mail.ru
ACQ Web: http://www.mail.ru
Location: Russia
Region: Europe
Description: Online portal
Category: Media Owner
Contact: Dmitri Grishin, President and CEO
Vendor: Astrum Online
Vendor Web: http://www.astrumonline.ru/
Location: Russia
Region: Europe
Description: Online games
Category: Games
Contact 1: Igor Matsanyuk, to become 1st Vice President of Mail.ru
Contact 2: Vladimir Nikolskiy to become Vice President of Mail.ru
Details: Digital Sky Technologies is merging two of its largest portfolio companies.The deal is structured as an acquisition by online portal Mail.ru of online games group Astrum Online Entertainment in a combination of cash and stock. The merged company, which have revenues of over $100 million per year and will be the second largest Internet company in Russia in terms of revenues after Yandex. Naspers/ MIH Group owns 43% of Mail.ru and was recently granted anti-trust permission to buy between 38% and Naspers/ MIH Group, although the South-African conglomerate owns 43% of Mail.ru and was recently granted anti-trust permission to buy between 38% 100% of Astrum Online from DST. See previous DigiNet story.
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