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Mail.Ru’s Yuri Milner Invests in U.S. Start-Ups, Vedomosti Says

Jan. 31 (Bloomberg) -- Yuri Milner, Chairman of the Russian Internet holding company Mail.Ru Group Ltd, set up a fund to invest in Silicon Valley startups, Vedomosti reported, citing Milner.

Milner, who obtained $112 million from an initial public offering for Mail.Ru shares in October, will partner in the project with the San Francisco-based SV Angel venture fund headed by Ron Conway, the newspaper said.

To contact the reporters on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net.

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net.

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