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 firstname.lastname@example.org
To contact the editor responsible for this story: John Viljoen at email@example.com