Alisher Usmanov’s USM structure and Megafon mobile operator gave sole control over the holding Mail.ru Group. After the renewal of the board of directors, the management of the company was transferred to its top managers and partners.

At an extraordinary meeting, shareholders of the Megafon operator approved the purchase of 15.2% of the Internet giant’s share capital Mail.Ru Group for $740 million.

Russian telecom operator Megafon has started preparing to buy 63.8% of the Internet giant’s management shares Mail.Ru Group. The transaction amount is less than $1 billion with the market capitalization of the IT company of $9.5 billion.

The Russian “search” company is going to launch Yandex on the first day of October.Store, Android app store.