Mail.Ru Secures Control of VKontakte

Written By The USA Links on Tuesday, 18 March 2014 | 02:54


WSJ.com: US Business

Mail.Ru Secures Control of VKontakte

March 18, 2014 5:07 a.m. ET


MOSCOW—Russian Internet company Mail.Ru Group has boosted its stake in VKontakte, the country's most popular social network, to around 52% after buying an 11.99% holding from MegaFon Chief Executive Ivan Tavrin.


The move Tuesday officially cements control over VKontakte by Russia's richest man and Kremlin loyalist Alisher Usmanov, who is a major...





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