Abstract: This article analyses the multistakeholder model in the Internet governance, as well as its definition on the international level and within the doctrine. The goal consists in determining the importance and the role of participation of multiple stakeholders in the context of Internet governance, and its correlation to the interstate approach in international law. The multistakeholder model is predominantly examined as participation of the subjects of international law and private entities in Internet governance. The subject of the research is the provisions of the outcome documents of the World Summit on the Information Society, resolutions of the UN General Assembly and other bodies of the UN system, provisions of acts of other international organizations that are dedicated to development of public policy in the area of Internet governance, as well as doctrinal sources covering history of the question. The scientific novelty lies in determination of correlation of the participation of interested parties in Internet governance. It is noted that in the practice of Internet governance there are two clear approaches for implementation of this model: ran by states and international organizations, or one that is ran by private entities. The international legal acts reflect the former approach towards implementation of this model. In accordance with this approach, Internet governance activities consist in consultation of state with private entities, allowing private entities as observers, or creation of public-private partnerships aimed at solution of global issues. The leading role of the private sector is promoted by the United States and several other Western nations as an alternative to interstate multilateral approach, which contradicts the international legal acts, since the leading role in ICANN is delegated to private entities, rather than states.