Bloomberg News

Yandex May Swap Face.com Stake for Facebook, Vedomosti Says

May 28, 2012

Yandex NV (YNDX:US), Russia’s most-used search engine, may swap its 18.4 percent stake in the Face.com Internet service for a stake in Facebook Inc. (FB:US), Vedomosti reported today, citing unidentified people familiar with the talks.

Alternatively, Yandex may just sell the stake for cash, the newspaper said.

Face.com develops face-recognition technology that allows users to search for photographs on the Internet.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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Companies Mentioned

  • YNDX
    (Yandex NV)
    • $27.78 USD
    • 0.18
    • 0.65%
  • FB
    (Facebook Inc)
    • $80.67 USD
    • 0.63
    • 0.78%
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