Mail.ru Seeks to Dispose of Facebook Shares "In Due Time"
October 25 2012 - 10:20AM
Dow Jones News
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
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