Eng
Esp

Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Putin ally’s holding company takes full control of Vkontakte site

byPeter Dutczyn
16/09/2014
1 minute read
Putin ally’s holding company takes full control of Vkontakte site

Russian internet holding company Mail.ru Group has acquired a 48.01% stake in the Russian social networking site, VKontakte, from the United Capital Partners fund for 1.47bn dollars, ITAR-TASS reported on 16 September.

Now the holding company, which among others belongs to pro-Kremlin tycoon Alisher Usmanov, owns all 100% of shares in the social networking site.

Mail.ru already owns two other Russia’s networking sites, Odnoklassniki and Moy Mir.

Pavel Durov
Pavel Durov

In December 2013 VK founder Pavel Durov sold his stake in VK to companies linked to the Kremlin, amid reports of growing concern on the part of the authorities about political activity on the platform. This April, he fled Russia, accusing President Putin’s allies of taking over the social network and forcing him to resign as Chief Executive Officer.

Usmanov also holds a sizable stake in London-based English Premier League club Arsenal as one of his many business assets.

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts