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Russia's Mail.ru Ends Vkontakte Dispute With $1.5 Billion Deal


Ron Burgundy
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Russia's richest man Usmanov attends the annual meeting of the World Economic Forum (WEF) in DavosBy Maria Kiselyova MOSCOW (Reuters) - Mail.Ru Group , majority-owned by Russia's richest man Alisher Usmanov, has resolved a shareholder dispute over the country's biggest social network VKontakte (VK), buying out a rival co-investor for $1.47 billion. The deal could clear the way for a revival of plans for a stock market listing of VKontakte, scrapped in 2012 because of poor market conditions. VK, known as Russia's answer to Facebook , has been the focus of an ownership battle since April 2013 when investment fund United Capital Partners (UCP) bought a 48 percent stake. ...




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