DST Global, controled by Milner and metal tycoon Alisher Usmanov, already owns 10 percent of Facebook. Now they have set up DST Global 2, which they reportedly used to acquire a recent stake in coupon website Groupon. Sources told Russian business daily Vedomosti that the investors would use DST Global 2 to buy five percent of leading online music site Spotify.
In a further sign that Milner is in it for the long haul, he has recently bought a 25,500 square foot mansion in Los Altos Hills, overlooking Silicon Valley, according to the San Jose Mercury News. Milner reportedly paid $75 million for the five bedroom home. A spokesman for Milner told the newspaper: “Yury does not have immediate plans to move to the valley.”