Mail.ru – 77 Million Annual Profit, 2 Billion Invested In Silicon Valley

April 28, 2011 12:20 pm

Meet Mail.ru, the Russian firm that made a total of 77 Million in profits last year. So whats stunning about this firm, other than the Yuri Millner connection?

” Mail.ru holds a 2.33 percent stake in Facebook, a 1.41 percent stake in Zynga and has 4.63 percent of Groupon equity.

Now, here’s the astonishing thing. I’ve just done a back-of-the-envelope calculation to work out what that means. At the conservative end of current valuations (which put Facebook at $50 billion, Groupon at $15 billion and Zynga at $10 billion) that would suggest that Mail.ru — a company that made $77 million in profit last year — has minority investments in Silicon Valley worth about $2 billion. Sounds incredible, really.”

Statistics Source: GigaOm

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