November 29, 2007 at 18:59Portal Mail.ru valued at one billion US dollars
According to Kommersant, at the beginning of this week, the South African media holding Naspers Limited acquired 2.6% of the Internet portal Mail.ru for 26 million US dollars, increasing its stake in the Internet company to almost 33%. Thus, the entire Mail.ru valued at 1 billion dollars, which was a record asset value in RuNet.
Naspers Limited does not exclude that the company's share in Mail.ru assets will increase over time. Of the comparable deals in RuNet, one can only mention the purchase of a 48% stake in Rambler Media by Prof-Media holding for 235-300 million US dollars.
Analysts and market participants believe that Naspers paid an adequate price. Elina Yurina, director of the high-tech investment center at Finam IC, notes that this year Mail.ru's revenue will more than double to 60-65 million US dollars.
Meanwhile, in the interim financial report of Naspers Limited it is noted that for the six months of this year, the monthly audience of Mail.ru has grown from 29.7 to 35.3 million users who view 4.3 billion pages per month. The number of Mail.ru mail users during the reporting period increased from 25.6 to 30.7 million.
It is worth adding that Naspers owns assets in Europe, Asia and North America, and the main business is concentrated in South Africa. The company owns the largest online information portal in South Africa - News24. In fiscal year 2007 (ended March 31), Naspers revenue was $ 19.5 billion, net profit was $ 2.2 billion, according to Kompyulenta.
Naspers Limited does not exclude that the company's share in Mail.ru assets will increase over time. Of the comparable deals in RuNet, one can only mention the purchase of a 48% stake in Rambler Media by Prof-Media holding for 235-300 million US dollars.
Analysts and market participants believe that Naspers paid an adequate price. Elina Yurina, director of the high-tech investment center at Finam IC, notes that this year Mail.ru's revenue will more than double to 60-65 million US dollars.
Meanwhile, in the interim financial report of Naspers Limited it is noted that for the six months of this year, the monthly audience of Mail.ru has grown from 29.7 to 35.3 million users who view 4.3 billion pages per month. The number of Mail.ru mail users during the reporting period increased from 25.6 to 30.7 million.
It is worth adding that Naspers owns assets in Europe, Asia and North America, and the main business is concentrated in South Africa. The company owns the largest online information portal in South Africa - News24. In fiscal year 2007 (ended March 31), Naspers revenue was $ 19.5 billion, net profit was $ 2.2 billion, according to Kompyulenta.