Mail.ru, Russia’s most popular email provider paid $1.47 billion for the VKontakte

Peter Thiel’s Reefer Madness | Re/code: Leo Mirani and Gideon Lichfield, Quartz: “Mail.ru, Russia’s most popular email provider, this morning announced that it has paid $1.47 billion for the 48 percent that it did not already own of VKontakte, Russia’s most popular social network. Mail.ru already owns Odnoklassniki, the second-most popular network. It’s as if Gmail (if it were an independent company) were to buy Facebook.”