Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Mail.ru Group reduced its share in Facebook to 0.75%
28.10.2012 11:20
Mail.ru Group reduced its share in Facebook to 0.75%

In October Mail.ru Group has sold a part of its shares in the social net Facebook. According to the company’s financial report for the third quarter, its share has reduced from 1.34% to 0.75%.


      

The company has sold 16 million shares of Facebook, reports The Vedomosti. At that the sum of the income is not reported.


      

The stocks were sold not by one package but gradually. Mail.ru Group used the rise of Facebook shares after releasing the positive third quarter financial report. If Mail.ru Group had managed to sell the shares for the maximum price ($ 23.23 for a share fixed on October 24th), the company would have got about $ 372 million.


      

According to General Director of Mail.ru Group Dmitry Grishin, the company regards the Facebook shares only as a financial investment.


      

 


Author: Irina Fomina

Tags: Russian business IT    

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Russia in space  Russian rouble  Krasnodar region  Valery Kapterev  Spacecrafts  Archeology  Russian science  environment  space  Sergey Yesenin  Monuments to People  Syria  Legal Services in Russia  terrorism  Samara  Marina Razbezhkina  Bashneft  Macedonia  Russian regions  Resort Olympus  Mercedes-Benz Fashion Week Russia  the Ob River  Aquarium Band  Moscow Museums  Bubonitsy  Russian tourism  Renata Litvinova  Moscow  Exhibitions in Moscow  Russian coal mines  Vologda  the Rostov Kremlin  Russian economy  Caucasian Mineral Waters  Russian history  Leonid Desyatnikov  Zerkalo  Russian business  Zvenigorod Private Tour  Musical LIKBEZ  Russian Cinema  St. Petersburg  Karelia   Russian scientists  Tver region  Karachay-Cherkessia  beekeeping museum   Galina Konovalova  Rusian Ballet  biology 


Travel Blogs
Top Traveling Sites