Bloomberg News

Yandex May Swap 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 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. 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

To contact the editor responsible for this story: John Viljoen at

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Companies Mentioned

  • YNDX
    (Yandex NV)
    • $28.74 USD
    • -0.68
    • -2.38%
  • FB
    (Facebook Inc)
    • $76.78 USD
    • -1.12
    • -1.47%
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