Announced
Financials
Sources
Tags
Private
Acquisition
Pending
Friendly
Domestic
Minority
Single Bidder
Online and Social Platforms
online learning
learning platform
Russian Federation
Synopsis
Mail.ru, a Russian internet company, agreed to acquire a 25% stake in Uchi Group, an online platform for self-education, for $50m. “We are actively developing the education ecosystem of Mail.ru and expanding the range of services for people, from pre-schoolers to teens and adults, to study and improve their skills. Uchi.ru platform is a leading player in the online education market, boasting prominence both domestically and globally, and we are happy to have it join us. Uchi Group can be potentially integrated into the Mail.ru ecosystem,” Boris Dobrodeev, Mail.ru CEO.
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