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African firm boosts Facebook, Russia, China online stake

Naspers, of Capetown, boosts its stake in Russia's dominant Internet portal, Mail.ru, and thus its investment in US's Facebook and China's Tencent.

South Africa-based Naspers will buy 29% of Digital Sky Technologies, a major shareholder of Facebook, Groupon, ICQ and Zynga.

"Naspers will be investing $388 million in cash, and contribute its 39.3% stake in Mail.ru into DST... When the transaction closes DST will own 99.9% of Mail.ru, Russia's largest Internet portal," notes TechCrunch here.

"Three months ago, China's

Tencent also made a strategic investment (to the tune of $300 million) in DST." Naspers now owns 35% of Tencent.