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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    

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