Russian internet postal service Mail.ru goes up in price

Actuality November, 29, 2007

Naspers Limited Company from Republic of South Africa (RSA) declared about acquisition of 2,6% stocks of Mail.ru web portal for $26 mln.

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Thus, the total Mail.ru price was estimated at $1 bln, and Naspers stake in this company has increased by 33%.

According to the report of Naspers Limited,

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for the first half of 2007 the monthly audience of Internet web portal has increased from 29,7 mln to 35,3 mln people, and number of postal service users – from 25,6 mln

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to 30,7 mln.

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Let’s remind that at the end of January, 2007 Naspers Limited announced about acquisition of 30% stocks of Port.ru Company, owning Mail.ru.

According to Mark Sorura, the investments direc tor of Naspers, it is quite possible that the company will increase the stake in Mail.

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Naspers Limited owns assets in Europe, Asia and North America, though basic sources of pr ofits are exactly

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in RSA.

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Onl ine web portal News24 in RSA, one of the largest informative giants, belongs exactly to Naspers Limited.

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In the analysts’ opinion, Naspers Limited Company does not overpay for Mail.ru: taking into account the growing market situation, the estimation at $1 bln is fully justified.

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