Digital Sky Technologies (DST is an international investment firm focused solely on the Internet sector. The firm was founded by Yuri Milner and emerged out of .... Read More

Submit Content

Information Directory - Submit Content to Information Directory and Earn Money Online


Digital Sky Technologies (DST is an international investment firm focused solely on the Internet sector. The firm was founded by Yuri Milner and emerged out of Mail.ru Group. Today, DST is fully independent of Mail.ru Group and its investments include Facebook Zynga and Groupon http://www.rns-pdf.londonstockexchange.com/rns/7389V_-2010-11-5.pdf Mail.ru Group prospectus November 2010]http://www.facebook.com/press/releases.php?p103711 Facebook press release May 2009]http://blog.zynga.com/2009/12/zynga-receives-investment-from-digital-sky-technologies-.html Zynga press release December 2009]http://www.businesswire.com/portal/site/home/permalink/?ndmViewIdnews_view&newsId20100419005828&newsLangen Businesswire article on DST Groupon investment April 2010]

Investments

May 2009 The firm became known globally after leading an investment of $200 million in Facebook at a $10 billion valuation in May 2009 and launching a tender offer of $100 million to the employees of Facebook in July 2009.http://techcrunch.com/2009/07/13/dst-to-buy-up-to-100-million-in-facebook-employee-stock/ Techcrunch article July 2009] Subsequently the firm continued to buy shares in the company and is now one of the largest institutional shareholders in Facebook.http://www.businessinsider.com/meet-facebooks-soon-to-be-billionaires-2011-1#digital-sky-technologies-owns-more-than-10-of-facebook-worth-at-least-5-billion-3 Business Insider article] In December 2009 DST led the $180 million investment in Zynga which had a primary and a secondary component. In April 2010 DST led a $135 million investment in Groupon at a rumored $1.35 billion valuation. It further purchased ICQ from AOL for $187.5 million.lt;/ref> In January 2011 DST and Goldman Sachs co-led a $500 million investment round in Facebook valuing the company at $50 billion.http://www.facebook.com/press/releases.php?p205070 Facebook Press Release Jan 2011] January 2011 Subsequently, DST invested again as part of Groupon s $950 million round in January 2011.http://www.businesswire.com/news/home/20110110006746/en/CORRECTING-REPLACING-Groupon-Raises-Billion-Dollars Businesswire article on Groupon investment round January 2011] In April 2011 DST led $1.5B investments in http://www.360buy.com 360buy.com] the largest 3C online retailer of the B2C market in China and it is one of the most popular and powerful E-Business websites with around 10,000,000 registered users in Chinese E-Business fieldhttp://techcrunch.com/2011/04/01/chinese-e-commerce-site-360buy-grabs-1-5b-from-dst-and-others/ In July 2011 Airbnb the leading community marketplace that lets anyone discover and book unique spaces from people around the world, raises $112 million in Series B financing from DST Global, Andreessen Horowitz, and General CatalystAirbnb Press Release http://assets.airbnb.com/press/press-releases/Airbnb_PressRelease_SeriesB_07252011.pdf In September 2011 DST Global announced commitment to invest in Alibaba Group lt;ref>Business Wire: http://www.businesswire.com/news/home/20110922006234/en/DST-Global-Silver-Lake-Announce-Commitment-Invest DST’s way of structuring deals, where they buy both preferred stock from the company and common stock from employees, is becoming a new way to invest in startups. In fact, some industry people recognise these deal structures as “DST deals”.http://techcrunch.com/2010/01/27/survival-of-the-fittest-dsts-yuri-milner-talks-to-us-at-the-world-economic-forum/ Techcrunch article January 2010] Yuri Milner, in an interview in February 2010, mentioned that DST monitors close to 50 companies globally and that these companies can be investment opportunities. DST plans to invest more than $1 billion in social web companies around the world over the next five years.http://www.businessweek.com/technology/content/feb2010/tc20100218_270634.htm Businessweek article February 2010]

Relationship with Mail.ru Group

Yuri Milner is the founder of both Mail.ru Group and DST. In case of Mail.ru group another co-founder was current companys CEO Dmitry Grishin lt;/ref> In March 2012, Yuri Milner has stepped down from the role of Chairman of Mail.ru and from the Board of Directors.lt;/ref> Dmitry Grishin was elected to the Board of Directors and appointed as Chairman of the Board while retaining his CEO position. There were no other changes to management or to the Board.lt;/ref> Mail.ru Group was originally called Digital Sky Technologies and started making international investments from its balance sheet. As part of Mail.ru Group’s IPO the company renamed itself to its current name.http://www.rns-pdf.londonstockexchange.com/rns/7389V_-2010-11-5.pdf Mail.ru Group prospectus November 2010 page F-100] DST was formed as a separate entity, initially called DST Global to co-invest with Mail.ru Group. Post Mail.ru Group’s IPO, DST is the sole vehicle for further international investments. The company is now fully independent of Mail.ru Group.

Relationship with Goldman Sachs

DST has strong ties to Goldman Sachs.http://blogs.forbes.com/parmyolson/2011/01/04/meet-the-russians-who-hooked-up-facebook-and-goldman-sachs/ Forbes blog article January 2011] The majority of DST’s partners and employees have previously worked at Goldman Sachs. Alexander Tamas joined DST from Goldman Sachs in 2008 and John Lindfors, a previous partner at Goldman Sachs, joined DST in 2010.http://eu.techcrunch.com/2010/06/03/goldman-sachs-vet-john-lindfors-joins-digital-sky-technologies-as-partner/ Techcrunch article June 2010] Other ex-Goldman Sachs employees include Rahul Mehtahttp://www.businessinsider.com/facebook-goldman-dst-2011-1 Business Insider article January 2011] and Shou Zi Chew.http://sg.linkedin.com/in/shouzichew LinkedIn Profile] In January 2011, DST has orchestrated an investment into Facebook and brought Goldman Sachs into the deal.http://www.businessweek.com/news/2011-01-05/facebook-backer-digital-sky-lures-wall-street-to-silicon-valley.html Businessweek article January 2011]

References

Category World Wide Web

Most Recent

Show more »


Suggestions for the Terms Searched:

Digital Sky Technologies
(Digital Sky Technologies (DST) is an international investment firm focused solely on the Internet sector. The firm was founded by Yuri ... )
Size (in Bytes): 1180
Last updated: 2/25/2013 9:47:57 PM

Yuri Milner
(He founded investment firms Digital Sky Technologies (DST now called Mail.ru Group and DST Global. Through the Mail. ru Group and DST ... )
Size (in Bytes): 2762
Last updated: 5/28/2013 2:07:03 PM

Facebook
(The ownership percentages of the company, 2012 are: Mark Zuckerberg: 28% Accel Partners : 10%, Digital Sky Technologies : 10% Dustin ... )
Size (in Bytes): 17962
Last updated: 6/17/2013 5:01:02 AM

ICQ
(In 2001, ICQ had over 100 million accounts registered In April 2010, AOL sold ICQ to Digital Sky Technologies for $187.5 million ... )
Size (in Bytes): 2628
Last updated: 6/18/2013 7:52:49 AM

Zynga
(In December 2009, Russia's Digital Sky Technologies bought a $180 million share of Zynga In 2010, a combined $300 million from Softbank ... )
Size (in Bytes): 12869
Last updated: 6/17/2013 7:28:35 PM

Mirabilis
(Mirabilis (company), an internet company, owned by Digital Sky Technologies, that produced ICQ. Mirabilis (plant), a genus of herbaceous ... )
Size (in Bytes): 125
Last updated: 2/28/2013 2:41:39 AM

Mail.Ru
(ru and subsequently set up another internet venture, Digital Sky Technologies (DST In 2006, Igor Linshits sold his stake in Mail. ... )
Size (in Bytes): 1239
Last updated: 6/5/2013 11:07:43 AM

Odnoklassniki
(and key shareholders in Odnoklassniki had sold controlling interest in the network to Digital Sky Technologies (DST), the owner of Mail.ru . ... )
Size (in Bytes): 891
Last updated: 6/17/2013 8:17:00 AM

Groupon
(Groupon raised $135 million from Digital Sky Technologies , a Russian investment firm On December 29, 2010, Groupon's executive board ... )
Size (in Bytes): 6398
Last updated: 5/25/2013 5:31:12 AM

NASA World Wind
(source application based on Java and OpenGL technologies and can be run on Microsoft Windows, Mac ... Sloan Digital Sky Survey : Survey Imagery: ... )
Size (in Bytes): 2048
Last updated: 6/1/2013 8:24:23 AM

Forticom
(100% of Forticom is owned by Digital Sky Technologies One websites debuted in 1999 and offered the ability send free SMS text messages to ... )
Size (in Bytes): 273
Last updated: 3/11/2013 10:15:41 AM

DST (disambiguation)
(Digital Sky Technologies , a Russian investment firm. Direct Stream Transfer , lossless compression; part of MPEG-4; used for SACD ... )
Size (in Bytes): 244
Last updated: 5/1/2013 6:04:46 PM

Leibniz Institute for Astrophysics Potsdam
(The institute also develops research technology in the fields of ... Sloan Digital Sky Survey : The Sloan Digital Sky Survey (SDSS) will ... )
Size (in Bytes): 4084
Last updated: 2/26/2013 12:58:10 AM

Twitter
("significant" investment lead by Digital Sky Technologies that, at US$800 million, was reported to be the largest venture round in history ... )
Size (in Bytes): 17938
Last updated: 6/18/2013 4:18:15 PM

Mirabilis (company)
(AOL sold ICQ to Digital Sky Technologies for $187.5 million on April 28, 2010 See also : Economy of Israel Science and technology in Israel ... )
Size (in Bytes): 405
Last updated: 2/26/2013 4:53:27 AM

Alisher Usmanov
(In May 2009, Digital Sky Technologies (which later changed its name to "Mail. ru Group a company in which he owns a 32-percent stake, paid $ ... )
Size (in Bytes): 3843
Last updated: 6/8/2013 2:05:34 AM

List of Wharton School alumni
(Technology: Yuri Milner , CEO, Digital Sky Technologies. Jeff Weiner , CEO, LinkedIn Paul Benyola , CFO, VP, Chairman Banking, Consulting, ... )
Size (in Bytes): 2076
Last updated: 5/31/2013 5:08:55 PM

Igor Linshits
(com/ Digital Sky Technologies for more than $100 million. Linshits moved into real estate in 2001, setting up a new company called Delin ... )
Size (in Bytes): 879
Last updated: 4/3/2013 6:06:14 PM

Dmitry Alimov
(In April 2012, co-founder of Digital Sky Technologies Gregory Finger joined the Advisory Board of Frontier Ventures. The fund’s first ... )
Size (in Bytes): 1405
Last updated: 3/20/2013 12:32:49 PM

Tata Sky
(TATA Sky is a direct broadcast satellite television provider in India, using MPEG-2 and MPEG-4 digital compression technology, ... )
Size (in Bytes): 1132
Last updated: 6/19/2013 9:02:34 AM

Related Terms of the Terms Searched:

Digital Sky Technologies
(Digital Sky Technologies (DST) is an international investment firm focused solely on the Internet sector. )


Take Tour - (Products and Services)

As of Today (6/20/2013 2:58:03 AM) there are (0) Users currently online updating content on reach information portal out of (23) Registered Users. Every month end the 20 best contributing user get $20 each.

10 Days left until next payment. Register and Login now.



Add Comments on this Page:

No User has commented on this page.