Oligarch Buys Russia's Most Popular Social Media

MOSCOW (AP) — A media company owned by Kremlin-friendly oligarch Alisher Usmanov has splashed out $1.5 billion to gain full control of Russia's most popular social network, VKontakte, bringing an end to a months-long dispute that saw the original investors sue each other in court. London-listed Mail.Ru Group said in a statement Tuesday that it now owns the whole of VKontakte following its purchase of a 48 percent stake from investment fund United Capital Partners. Mail.Ru's chief executive Dmitry Grishin lauded the deal, saying "the termination of all outstanding shareholder disputes will allow focus on the product and its further development."

BING NEWS:
  • First day of historic Trump trial ends without any jurors being picked
    The historic hush-money trial of Donald Trump got underway Monday with the arduous process of selecting a jury to hear the case charging the former president with falsifying business records to stifle ...
    04/15/2024 - 11:30 am | View Link
  • Russia Is Buying Politicians in Europe. Is It Happening Here Too?
    In 2018, a Texas-based firm donated money to House Speaker Mike Johnson. That firm is 88 percent owned by three Russians. And last week, we learned that Trump Media received loans from a Russian bank ...
    04/11/2024 - 11:00 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News