The Russian investment vehicle that bought a $200m stake in Facebook last year is preparing to buy stakes in dozens of well-known internet companies as Russia turns to the internet to lead its future prosperity.
Digital Sky Technologies (DST) has already invested $1bn (£693m) buying up stakes in web companies including Zynga, the makers of the popular online social game FarmVille, and acquiring AOL's messenger service, ICQ, for $188m.
Yuri Milner, chief executive, said: “There are a few dozen companies globally that we are following. When you do late-stage investment focused on the internet your universe shrinks dramatically.”
Full story: Facebook is just the first step, say Russians – Telegraph