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Mail.Ru Group Disposes Of Zynga, Groupon Stakes

Date : 11/19/2012 @ 1:34PM
Source : Dow Jones News
Stock : Facebook - Class A (MM) (FB)
Quote : 71.29  0.0 (0.00%) @ 6:18PM
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Mail.Ru Group Disposes Of Zynga, Groupon Stakes

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By Olga Razumovskaya

MOSCOW--Russian Internet company Mail.Ru Group Ltd. (MAIL.LN) last week sold its 0.84% stake in daily deals site Groupon Inc. (GRPN) and 0.16% stake in social-game provider Zynga Inc. (ZNGA), Mail.Ru spokeswoman Ksenia Chabanenko said Monday.

Mail.Ru had reduced its holdings in the companies in recent weeks. Mail.Ru said on its website Nov. 9 that it had cut its stake in Zynga from 1.17% and in Groupon from 4.12% since reporting third-quarter results on Oct. 25.

The company also said it had reduced its stake in Facebook Inc. (FB) to 0.52% from 1.34% over the same period.

(James Marson contributed to this story.)

Write to Olga Razumovskaya at olga.razumovskaya@dowjones.com

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