Mail.Ru exits Zynga and Groupon

Russian email-to-social networking group Mail.Ru has sold all the shares it owned in US daily deal website Groupon and Facebook game maker Zynga, the company announced yesterday. Mail.Ru has been cutting its holdings in US internet companies, including social networking site Facebook, gradually this year. As of 9 November, it owned 0.16 per cent of Zynga and 0.84 per cent of Groupon. The firm’s managing director Matthew Hammond said last week Mail.Ru would consider using proceeds from the asset sales to pay a special dividend.

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