Mail.Ru Group Sold Its Facebook, Zynga And Groupon Shares, Reportedly Made $230 Million

Posted on Nov 9 2012 - 9:49pm by Editorial Staff

According to Interfax, the Russian internet giant Mail.Ru Group has sold a significant number of its share of stock in Facebook, Zynga and Groupon while the company’s website suggesting that Mail.Ru’s share in Facebook is now 0.52%, in Zynga 0.16%, and in Groupon 0.84% which at the time of third quarter was 0.75% stake in Facebook, 1.17% in Zynga, and 4.12% in Groupon.

[adsense]

Even the days ago, the giant had sold its 40% stake in Russia’s one of the biggest freelance marketplace Free-lance.ru, which turned out to be profitable. But through the deal reported by Interfax, it’s expected that Mail.Ru has made $230 million from the sale of shares in all three: Facebook, Zynga and Groupon.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.