Thursday, September 18, 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, Sept. 18


Get your nerd on at Boomfest, St. Petersburgs answer to the United States popular ComicCon. Starting today, this international festival of comics will take over venues throughout the city center and includes exhibitions of comics and illustrations, film screenings, competitions and the chance to meet the genres authors, artists and experts.



Friday, Sept. 19


SPIBAs newest addition to their Cultural Discoveries events is Handmade in Germany, an exhibition featuring unique handmade objects of a significantly higher quality than mass-produced items. The work of over 100 German manufacturers will be displayed during the event, which opens today in the Lutheran Church of Saint Peter and Paul on Nevsky Prospekt and runs through Sept. 28.



Saturday, Sept. 20


Starting on Sept. 18 and ending tomorrow is the Extreme Fantasy Wakeboarding Festival in Sunpark by Sredny Suzdalskoye lake in the Ozerki region of the city.


Those after something more laid back can instead head to Jazz and Wine night at TerraVino with legendary jazz guitarist Ildar Kazahanov. 12/14 Admiralteyskaya Emb.



Sunday, Sept. 21


Learn more about African culture and get some exercise during todays Djembe and Vuvuzela, a bike ride starting in Palace Square that includes several stops where riders can listen to the music of Africa or watch short films about the continent. The riders plan to set off at 4 p.m. and all you need to join is a set of wheels.



Monday, Sept. 22


Do you love puppetry? If so, then be sure to go to BTK-Fest, a five-day festival that starts on Sept. 19 celebrating the art. Contemporaries from France, Belgium, the U.K. and other countries will join Russian artists to put on theatrical performances involving a variety of themes, materials and eras. Workshops and meetings are also scheduled for a chance to discuss the artistic medium in further depth.



Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of todays round table discussion on Interaction with Trade Unions being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



Times Talk