MOSCOW (Reuters) – Russian Internet group Mail.Ru said on Tuesday it bought a 12 percent stake in the country’s biggest social networking site VKontakte (VK), raising its holding to around 52 percent. Mail.Ru, which is part-owned by Russia’s richest man Alisher Usmanov, said it agreed to acquire Bullion Development Limited, the beneficial owner of 11.99 […]

Pavel Durov, founder and CEO of VKontakte (VK), speaks at the Digital Life Design conference in 2012. Durov sold his remaining stake in VK earlier this week. Yet thats exactly the scenario thats unfolded over the past few months in St. Petersburg, where Pavel Durov, the eccentric founder of social networking site VKontakte (VK), is […]