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