Banks slap $6bn valuation on Digital Sky Networks

By Ivan Anderzhanov.

Investment banks Goldman Sachs, JP Morgan and Morgan Stanley have placed a $5bn to $6bn price tag on Digital Sky Technologies Russian Unit, according to a Kommersant report.

Digital Sky is the internet company part-owned by Russian billionaire Alisher Usmanov and African media company Naspers. The firm led by former banker Yuri Milner, also has a stake in Facebook, the global social network.

Digital may sell a 10 percent to 25 percent stake in London at the end of this year or early next year.

Goldman Sachs is understood to be a shareholder in Digital Sky.

By Ivan Anderzhanov. Investment banks Goldman Sachs, JP Morgan and Morgan Stanley have placed a $5bn to $6bn price tag on Digital Sky Technologies Russian Unit, according to a Kommersant report. Digital Sky is the internet company part-owned by Russian billionaire Alisher Usmanov and African media company Naspers. The firm led by former banker Yuri Milner, also has a stake in Facebook, the global ...