Patrick Mahony : Mail.ru takes over Vkontake (the Russia’s facebook)

Mail.ru, the publicly-traded Internet giant, has now taken full ownership of Vkontake (the social network with 92 million monthly active users that’s often described as Russia’s Facebook) by buying the 48% it did not already own for $1.47 billion.
VK
The deal means that Mail.ru now fully controls the two largest social networks in Russia, VK (as Vkontakte is known) and Odnoklassniki (“Classmates” in Russian). Mail.ru had also been a shareholder in Facebook until 2013.
Mail.Ru Group is a Russian Internet company. It was started in 1998 as an e-mail service (hence the name) and went on to become a major player in the Russophone segment of Internet.
VK (originally VKontakte) is the Russian largest social networking service in Europe.[3] It is available in several languages, but particularly popular among Russian-speaking users around the world, especially in Russia, Belarus, Kazakhstan, Uzbekistan and Ukraine.

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