Rumor: Yandex Interested In Selling Stake

Yesterday a rumor surfaced about how is interested in buying outright for $80-$100 million. According to a source with Russian newspaper Vedomosti, investor Yandex is interested in selling their stake to Facebook or another company.

“One of the shareholders of is Russia’s Yandex which, in autumn 2010 together with Israeli investment fund Rhodium, invested $4.3 million in return for 18.4 percent of the company and the move for its CEO, Arkady Volozh, to join’s board of directors.”

“Yandex is in talks to sell its stake in, says a source close to the company. The source told Vedomosti about the negotiations for the sale, which Yandex wants to do in exchange for money and Facebook stock.”

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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