The Latest in IT Security

Russia’s Mail.Ru ends VKontakte dispute with $1.5 billion deal

16
Sep
2014

By Maria Kiselyova MOSCOW (Reuters) – Mail.Ru Group , majority-owned by Russias richest man Alisher Usmanov, has resolved a shareholder dispute over the countrys biggest social network VKontakte (VK), buying out a rival co-investor for $1.47 billion. The deal could clear the way for a revival of plans for a stock market listing of VKontakte, scrapped in 2012 because of poor market conditions. VK, known as Russias answer to Facebook , has been the focus of an ownership battle since April 2013 when investment fund United Capital Partners (UCP) bought a 48 percent stake. …

Comments are closed.

Categories

FRIDAY, OCTOBER 18, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks