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MLRYY VK Company Ltd (CE)

0.9011
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
VK Company Ltd (CE) USOTC:MLRYY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.9011 0.00 01:00:00

Mail.ru Seeks to Dispose of Facebook Shares "In Due Time"

25/10/2012 3:20pm

Dow Jones News


VK (CE) (USOTC:MLRYY)
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By Olga Razumovskaya

MOSCOW--Russian Internet company Mail.ru Group (MAIL.LN) said Thursday it would like to dispose of its shares in social media giant Facebook Inc. (FB), which it views as "strategic," "in due time."

Earlier Thursday, Mail.ru said it had reduced its stake in Facebook to 0.75% from 1.34%, for a gain of over $300 million, based on the average market price of Facebook shares so far in October.

Mail.Ru currently owns 20.4 million Facebook shares.

Write to Olga Razumovskaya olga.razumovskaya@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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