Research (J&T BANKA)
World markets  |  December 06, 2012 09:38:15 might sell its 40 percent stake in Vkontakte, I do not want the majority

Ivan Střešinskij, board member, said yesterday that the company may consider selling its 40% stake in the Russian social network Vkontakte. While in recent months trying to gain an absolute majority in society, now Střešinskij said VKontakte success is critically linked with the figure of founder Pavel Durov and possible incorporation into Vkontakte could endanger his position and thus the firm. He added that either retain its share of the current levels, or sell it. Value of 40% share is estimated at min. 600 million USD. If the still aspired to increase the share, it could also mean that the company recently paid the resources from the sale of shares in Groupon, Facebook and Zynze (500-600 million USD) for the payment of an extraordinary dividend.

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