Digital Sky Technologies Aims $1B Digital War Chest at Asia, Australia and UK

Yuri Milner, Digital Sky Technologies’ CEO, continues to raise successive funds around digital investments, following money into Facebook, Groupon, Zygna and the recent April acquisition of AOL’s ICQ. With a new $1B war chest – or warhead – as its next stage of funding, DST will likely be adding $10-$100M+ to digital companies that do not have the same media cache as digital brands in the States.

Strong in the social space already, expect DST to pursue digital companies who are already profitable, partner well with the Facebook mothership, and scale very well. Read more >>