Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.99 +11.29 0.40%
FTSE 100 6,723.06 +35.26 0.53%
DAX 8,398.00 +28.13 0.34%
Ticker Volume Price Price Delta
Nikkei 15,138.10 +100.88 0.67%
Hang Seng 23,082.70 +38.44 0.17%
S&P/ASX 200 5,180.77 +15.11 0.29%

Mail.ru Co-Founder Finger Sells Stake for $408 Million

Mail.ru Group Ltd. (MAIL), a Russian Internet company, said co-founder Gregory Finger sold his 5.7 percent holding in the company for $408 million.

Mail.ru, which listed on the London Stock Exchange in 2010, operates several Russian-language websites and has stakes in Facebook Inc., Zynga Inc. and Groupon Inc. (GRPN) The company’s shares declined 27 percent in May, when Facebook went public and the social network’s shares fell 22 percent by the end of the month.

Finger, who had converted his holding into ordinary from voting shares on Sept. 18, sold 12 million shares at $34 apiece, Mail.Ru said in a statement. Finger is also a director.

Shares in Mail.ru fell 5.7 percent to close at $33.95 in London. The stock has risen 31 percent so far this year.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link