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Provider: Reuters Investment Profile
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Provider: Wright Reports
$75.00
Provider: Investcafe
$12.00
Provider: Investcafe
$12.00

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Mail Ru Group Ltd Considers Acquisition Of VKontakte-DJ


Thursday, 15 Nov 2012 10:00am EST 

DJ reported that Mail Ru Group Ltd (Mail.ru ) would consider buying a controlling stake in St. Petersburg-based social networking site VKontakte if the price is right, Mail.ru Managing Director Mr. Matthew Hammond said during an investors conference in Barcelona. The Company already holds a 40% stake in VKontakte, after increasing its stake in a transaction last year that valued the social networking site at $1.5 billion. VKontakte is Europe-based social networking site with more than a 100 million active users. Mr. Hammond said Mail.ru is also looking at smaller acquisitions, and highlighted game developers and price-comparison sites as areas of interest. 

Company Quote

33.97
-0.13 -0.38%
11 Jul 2014