Mail.ru


Mail.ru
Mail.ru
Type Public corporation (LSEMAIL)
Founded 1998
Headquarters Russia
Key people Dmitry Grishin
Industry Internet information providers
Products Internet services (electronic mail, search engine, website catalogue, instant messaging, blogging, information, answers service)
Owner Digital Sky Technologies
Slogan Национальная почтовая служба
(National post service)
Website mail.ru
Alexa rank decrease 33 (November 2011)[1]
Type of site web portal
Advertising yes
Available in Russian
Launched 15 October 1998[2]
Current status active

Mail.ru is the largest free e-mail service of the Runet. The business was originally owned by Port.ru, a company founded in 1998 by Eugene Goland, Michael Zaitsev and Alexey Krivenkov as spin-off from DataArt. It received an initial investment of USD 1 million from the well-known investor (and fencing champion) James Melcher.

The Mail.ru business expanded rapidly to reach the No. 1 market position in Russia by 2000. Attempts to fund the company’s expansion in 2000-2001 were thwarted by the collapse of the technology bubble and Mail.ru was forced to seek merger partners.

In 2001 Yuri Milner, who was managing NetBridge (the owner of less popular internet brands) persuaded the well-known entrepreneur Igor Linshits to back a merger of the Mail.ru business with NetBridge. Igor Linshits subsequently took an active role in the development of the Mail.ru business. In connection with the merger, Milner became Mail.ru CEO.

The company started to operate under its present name on 16 October 2001. Before that time its brand name was owned by Port.ru. It is headed by Dmitry Grishin. As of 2009, its global Alexa rating is 29.[3]

In 2003, Milner resigned from Mail.ru and subsequently set up another internet venture, Digital Sky Technologies (DST).[4] In 2006, Igor Linshits sold his stake in Mail.ru to Tiger Fund and Milner's DST for more than $100 million. In September 2010, DST changed its name to Mail.ru Group .[5]

In October 2010, Mail.ru announced plans for an IPO via the London stock market listing of a subsidiary – also called Mail.ru – worth more than $5bn.[6] The IPO will offer a stake of about 17% of the subsidiary. The subsidiary will include about a quarter of the group’s shareholding in Facebook, stakes in Russia’s two biggest social networking sites and Mail.ru. The company has hired Goldman Sachs, JP Morgan, Morgan Stanley and VTB Capital to run the listing.

Contents

Statistics

  • According to Alexa data for June 2007, Mail.ru was the most popular Russian site on the web.[7]
  • In 2005 there were more than 30 million users with 25 million emails a day.
  • By the end of 2006 it was announced that a strategic agreement with Yandex was achieved about the use of a Yandex search engine instead of Google.
  • In January 2007 30% shares of Mail.ru were bought by South African company Naspers for $165 million.[8]
  • It is reported by Grishin that the two other shareholders are the Digital Sky Technologies (DST) and Tiger Global Management (TGM).

Main Services

References

External links


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Look at other dictionaries:

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  • Mail — (m[=a]l), n. [OE. male bag, OF. male, F. malle bag, trunk, mail, OHG. malaha, malha, wallet; akin to D. maal, male; cf. Gael. & Ir. mala, Gr. molgo s hide, skin.] 1. A bag; a wallet. [Obs.] Chaucer. [1913 Webster] 2. The bag or bags with the… …   The Collaborative International Dictionary of English

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