Mail.Ru Group Cuts Stakes in Facebook, Zynga, Groupon
09 Novembre 2012 - 1:30PM
Dow Jones News
By Olga Razumovskaya
MOSCOW--Russian Internet company Mail.Ru Group Ltd. (MAIL.LN)
has reduced its holdings in social network giant Facebook Inc.
(FB), social-game provider Zynga Inc. (ZNGA) and daily deals site
Groupon Inc. (GRPN) since its third-quarter results on Oct. 25 when
it said it had cut its stake in Facebook to 0.75% from 1.34%.
According to information on the company's website, Mail.Ru Group
has further cut its stake in Facebook to 0.52%.
Mail.Ru Group's holding in Zynga is now 0.16%, down from 1.17%
at the time of its third-quarter results announcement, while its
stake in Groupon has dropped to 0.84% from 4.12% over the same
period.
Write to Olga Razumovskaya olga.razumovskaya@dowjones.com
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