[4546] in Privacy_Forum
[ PRIVACY Forum ] How Putin's cronies seized control of Russia's
daemon@ATHENA.MIT.EDU (PRIVACY Forum mailing list)
Sat Feb 1 21:10:06 2014
Date: Sat, 1 Feb 2014 17:42:03 -0800
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How Putin's cronies seized control of Russia's Facebook
http://j.mp/1dVljpx (Verge)
"Durov's departure effectively transfers majority control of VK to
business magnate Alisher Usmanov - Russia's richest man, with an
estimated worth of $20.2 billion, and a close ally of President
Vladimir Putin. Durov sold his 12 percent stake to Ivan Tavrin,
chief executive of telecom provider MegaFon, which Usmanov
controls. (The exact sum of the sale was not disclosed, though it
is believed to be between $300 and $400 million.) That means that
Usmanov and his Kremlin-friendly allies now control 52 percent of
the company, raising concerns over the future of VK and the
freedom of its users."
- - -
--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
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