Mail.Ru To Discuss Special Dividend At Board Meeting-Interfax
30 Oktober 2012 - 4:45PM
Dow Jones News
MOSCOW--Russian Internet company Mail.Ru (MAIL.LN) will discuss
issuing a special dividend, related to the sale of a Facebook Inc.
(FB) stake in October, at its board meeting in two weeks, Chief
Executive Dmitry Grishin told news agency Interfax Tuesday.
"We have always noted that investments in Facebook, Groupon and
Zynga have been for us only financial investments. If the market
has good offers on the shares of these companies, we will
consider.. selling them," the CEO was quoted saying.
In the second half of October Mail.Ru decreased its share in
Facebook to 0.75% from 1.34%, making over $300 million on the
sale.
Write to Olga Razumovskaya olga.razumovskaya@dowjones.com
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