Yandex NV (YNDX), Russia’s most-used search engine, may swap its 18.4 percent stake in the Face.com Internet service for a stake in Facebook Inc. (FB), Vedomosti reported today, citing unidentified people familiar with the talks.
Alternatively, Yandex may just sell the stake for cash, the newspaper said.
Face.com develops face-recognition technology that allows users to search for photographs on the Internet.
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