Naspers Buys 28.7% Stake In DST For $388M and Equity

South African media company Naspers has acquired 28.7% in Digital Sky Technologies (DST) for $388 million and a 39.3% stake in DST now has 99.9% ownership in Russian investment DST company is best known for investing in social networks. DST bought 1.96% of Facebook for $200 million and bought a $180 million stake in Zynga. DST also bought out ICQ from AOL recently and has equity in Groupon. [paidContent]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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