Digital Sky Technologies, a Russian investment firm which once quietly controlled stakes in a variety of Eastern European Internet companies, made a splashy Silicon Valley debut last year, taking a $300 million stake in Facebook. Digital Sky also owns a stake in social gaming company Zynga, and recently bought the instant messaging service ICQ from AOL. And the investment firm apparently is hungry for more Internet deals.
According to The Daily Telegraph, Digital Sky CEO Yuri Milner says the firm has built up a war chest of more than $1 billion, and is actively looking for additional investments in Asia, Australia and Britain. The Telegraph says Milner wants to take stakes in dozens of well-known Internet companies. He didn’t name names, natch, but would rule out taking a stake in Twitter.
“There are a few dozen companies globally that we are following. When you do late-stage investment focused on the internet your universe shrinks dramatically,” he told the Telegraph.
Let the guessing begin.
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