News > Technology investor Prosus to write off $700 million stake in Russia's VK Group
Technology investor Prosus to write off $700 million stake in Russia's VK Group
Gadgets Now | 07/03/2022 10:58 PM | Click to read full article
Dutch technology investor Prosus will write off its entire 25.9% stake in Moscow-headquartered online platform VK Group, which it says was valued on its books at $700 million.
VK Group Ltd, known until October as Mail.Ru, is one of Russia's largest internet companies, known for the VKontakte social network, Russia's answer to Facebook.