Wednesday, July 30, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

The Romanovs in St. Petersburg

History of St. Petersburg Museum

Small Tragedy, Fatal Passion

Rimsky-Korsakov Apartment Museum

 

  Print this article Print this article

VKontakte Founder Durov Sells Stake in Company

Published: January 26, 2014 (Issue # 1794)



  • Pavel Durov speaking at TechCrunch Disrupt Europe: Berlin in 2013.
    Photo: TechCrunch / Flickr

Pavel Durov, the founder of VKontakte, said on Friday he had sold his stake in the immensely popular social-networking website that has often been dubbed Russias Facebook.

Durov wrote on his VKontakte page that he had sold 12 percent of the company to Ivan Tavrin, a member of the Mail.Ru Group Board of Directors and general director of Russian telecoms giant Megafon.

He said that the deal would not affect VKontakte management and he, as a founder, would continue to oversee its functioning.

You may also be interested in: VK Claims Authorities Sought $100,000 Bribe

Russian business daily Vedomosti said earlier in the day, citing sources close to VKontakte partners and shareholders, that the deal was signed in December 2013.

The contract value is unknown, but one of Vedomostis sources said it was probably based on the companys value of $3-4 billion.

Previous media reports said that Durov and his VKontakte team were planning to quit and engage in a new project, but his spokesman Georgy Lobushkin denied the reports.

VKontakte remains Russias most popular social networking website. In January 2014, it was visited by about 60 million users daily, according to data provided by Durov.

You may also be interested in: VKontakte Movie to Start Filming in City Next Year

The website, whose users can upload music and videos on their pages, has also been criticized for massive copyright violations.

In a 2012 article in the popular US-based news blog Gawker, VKontakte was described as a meat market for American men seeking brides in Russia and other Eastern European nations.





 


ALL ABOUT TOWN

Thursday, July 31


Develop your leadership abilities during a lecture by famous Russian author and coach Radislav Gandapas. The event starts at 9 a.m. at 5 Lodeinopolskaya Ulitsa. The price for entry is 20,500 rubles ($570).


Relax and enjoy a Parisian atmosphere with some romantic and laidback jazz tunes during the Night of French Music at Lenny Jam Cafe, 63 Ligovsky Prospekt. The entrance fee is 250 rubles ($7).


The Womens Business Club is hosting a Beauty Brunch where participants are invited to discuss the latest news in the beauty industry and listen to lectures by professional stylists in the business.



Friday, Aug. 1


Bikers from all around the world will gather to take part in a parade, extreme shows and rock concerts during the International Biker Festival that revs its engines today and runs through Aug. 3 near Olgino Hotel, 4/2 Primorskogo Shosse.


The Peter and Paul Fortress will be turned into an open-air cinema today and tomorrow as part of the 5th International Short and Animation Film Festival. A huge screen across the fortress walls will air short films non-stop with board games, photo sessions and other activities also on offer for visitors. For more information, visit www.opencinemafest.ru



Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldnt miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoyed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



Times Talk