Mail.ru Chairman Milner Raises $59.5 Million in Share Sale
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Yuri Milner, billionaire chairman of Mail.ru Group Ltd., raised $59.5 million in a share sale of the largest Internet company in the Russian-speaking world based on monthly users.
Milner sold 1.7 million shares for $35 each, according to an e-mailed statement from Goldman Sachs Group Inc., the sole manager of the sale. They were offered at $34 to $35.25 apiece, according to a person familiar with the process, as much as 6.6 percent lower than today’s last trade.