"Yandex" has become a shareholder in Facebook

"Yandex" has become a shareholder in Facebook"Yandex" has made a bargain purchase and sale of shares in the developer of technology for face recognition Face.com. "Yandex" has sold its stake in three times more expensive than bought, and became a minority shareholder in Facebook.

The company Yandex, which owns the Internet portal "Yandex", revealed the details perfect in the last year of the sale of the shares of the Israeli developer Face.com. Last summer Face.com was acquired by the social network Facebook, but the deal has not yet been disclosed.

In "Yandex" has been 18% stake in Face.com. For their share of the Russians got 7,000,000 in cash and 140 million shares of Facebook (0,005% of the total number of shares of social networks). The cost of this package of Facebook shares to date amounts to million

In 2010, "Yandex" has paid for its stake million, thus, on the basis of current prices, it can be said that "Yandex" has earned million on the deal, receiving two years of profit from investments in Face.com of 230%. All Face.com, according to the same estimates, was valued at more than million

"By the time the" Yandex "of Face.com the value of its shareholding has increased by 2.5 times – says the analyst of" Finam – Management "Anna Zaitseva. – Accordingly, even though the project and demonstrated successful growth, the decision to go out and take profits looks reasonable. Regarding stake in Facebook, the size of the package is not strategic, so as Yandex can sell it and keep or even increase. "

In the "Yandex" its plans for further absorption of Facebook did not comment. Face.com facial recognition technology involved, the development of the company are used in Facebook, and "by Yandex" – particularly in the service "Yandeks.Fotki."

Face.com – not only foreign project, which has invested "Yandex". In 2011, the company paid a million for a 10% stake in the U.S. search engine Blekko. Acquired share does not give the Russians the opportunity to influence on the company.

The Russians already have experience of successful investing to Facebook. In 2009-10. competitor, "Yandex" – Mail.ru Group – consistently bought shares of the social network, the same group of funds involved in DST, which is the main investor Mail.ru Group's controlling shareholder Alisher Usmanov. During last year's IPO Facebook group DST sold part of its stake, to gain for it description,7 billion Mail.ru Group also participated in the IPO, selling shares to 0,000,000, and in the following months, the company has sold shares fully Facebook, all of which could bring it about description,2 billion

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