Mail.ru bought Vkontakte

    Mail.ru Group bought the remaining 48.01% of VKontakte from Ilya Shcherbovich’s UCP fund for $ 1.47 billion, and now it is the 100% owner of this social network.

    The deal took place today, it also clarified that mutual claims (lawsuits) between Pavel Durov and UCP will be withdrawn.

    Given the size of the first deal by Mail.ru Group on the acquisition of VKontakte, the cost of the full consolidation of a stake in the popular social network amounted to $ 2.07 billion. All that

    remains is to congratulate Mail.ru Group on the acquisition.

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