Yandex sells $8.1 million-worth stake in Facebook

Business & Economy April 07, 2014, 12:51

Yandex is a Russian internet company that owns the most popular search engine and web portal in Russia

MOSCOW, April 7. /ITAR-TASS/. Russian internet company Yandex, which operates the largest search engine in Russia, has sold 142,500 shares of the world’s largest social network Facebook, the company’s report says.

The transactions took place in 2013 and 2014. According to the current value of Facebook shares, the transaction value could amount to some $8.1 million.

Yandex is a Russian internet company that owns the most popular search engine and web portal in Russia. The shareholders of the company are founder and CEO Arkady Volozh, Baring Vostok Capital Partners investment company etc. Yandex’s capitalization on Nasdaq amounts to $9.7 billion.

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