Digital Sky Technologies

David Gelles Facebook partners with DST rival Yandexr

October 29, 2010 1:37 am by David Gelles

Results from Facebook pages will soon begin appearing in Yandex, the leading search engine in Russia. Yandex.ru will also get a Facebook widget on its homepage.

It’s another example of search engines gaining access to the growing trove of information on Facebook’s social graph, and making search a bit more social. Just two weeks ago, Facebook deepened its ties with Microsoft’s search engine, Bing.

But the partnership also puts a wrinkle in Facebook’s relationship with investor Mail.ru (formerly known as Digital Sky Technologies). Mail.ru and Yandex are rivals, competing aggressively for eyeballs in Russia’s booming internet market. Read more

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Posted in Social |

David Gelles Deal of the day: LivingSocial

April 29, 2010 8:30 pm by David Gelles

It was only in March that LivingSocial, the number two group buying site, took $25m in Series B funding. That, apparently, only tided the fast-growing company over for six weeks. Today the company is back with another $14m in funding, largely from the same investors.

That may seem like a lot of cash to take on in a few short months, and it is. But it pales in comparison to the $135m that Groupon, the leader of the pack, took from Digital Sky Technologies and friends a few weeks ago. Read more

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Posted in Commerce, Social |

techfile 27.05.09

May 27, 2009 6:00 am by morning call
  • Facebook accepted a $200m investment from Digital Sky Technologies, a private Russian internet investment group, valuing the fast-growing social network’s preferred stock at $10bn. The unlikely union gives Facebook an additional cash cushion, but the $10bn valuation is a come down. Just a year and a half ago, Microsoft invested $240m on similar terms, but valued Facebook’s preferred stock at $15bn.
  • Psystar, the Florida company that was making unauthorised clones of Apple computers, filed for Chapter 11 bankruptcy protection. The move puts at least a temporary end to Apple’s lawsuit against the company, and could indicate that Psystar’s backers have pulled out, anticipating a victory by Apple in court.

 Read more

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Posted in Techfile |