Mail.ru selling its personnel search engine

Date: 09:06, 19-11-2014.

Almaty. November  19. KazTAG - Mail.ru group is selling personnel search service HeadHunter.ru for almost 10 bln rubles to the consortium of investors led by «Elbrus Capital». Previously, the Group admitted, that dynamics of income do not meet expectations and upheavals in near future are not expected.
The transaction will be closed in 1Q of 2015 and it needs confirmation of third parties. The amount of transaction on HeadHunter.ru purchase will total 9.85 bln rubles or about $208 mln (by current exchange rate of CB), informs RBC.
Furthermore, the Group needs money, to repay loans it took to buy 48% of «VKontakte».

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