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Russia- Mail.Ru sells Groupon, Zynga stakes  Join our daily free Newsletter

MENAFN - 19/11/2012

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(MENAFN) Russia's Mail.Ru announced that it has sold its shares in US Groupon, the daily deal website, and in Zynga, the game maker, reported Reuters.

The email-to-social networking group said that it would use the proceeds from both sales to pay a special dividend.

The company added that it is also interested in acquiring additional shares in social network Vkontakte.

As of November 9, the company owned 0.84-percent stake in Groupon and 0.16-percent stake in Zynga.

Since the start of 2012, Mail.Ru, which has a stake of less than 1 percent in Facebook, has been reducing its holdings in US internet firms.

 






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