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Russian Web Giant Pays $1.5B To Swallow VK Social Network

By Linda Chiem ( September 16, 2014, 1:18 PM EDT) -- Russian Internet giant Mail. Ru Group Ltd. has dropped $1.47 billion to pick up the remaining 48 percent stake in Russia's largest and most popular social network VKontakte that it didn't already own, it said Tuesday, solidifying Mail. Ru's control over its third Russian social media network....

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