Founder Of 'Russia's Facebook' Sells His Stake In The Company

Pavel Durov, the founder of VKontakte, has sold his stake in the company, which hails itself as Russia’s largest social network.  Durov wrote on his VKontakte page that he had sold 12 percent of the company to Ivan Tavrin, the general director of Russian telecoms giant Megafon and a member of the Mail.Ru Group board of directors.  In his post, Durov said that as a founder, he would continue to oversee the company’s functioning, and the deal would not affect VKontakte management.  Russian...