Usmanov, Mamut May Sell SUP Internet Holding, Kommersant Reports
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TwitterRussian billionaires Alisher Usmanov and Alexander Mamut plan to sell SUP, the holding company that owns blog service LiveJournal.com and the Internet news site Gazeta.Ru, Kommersant reported, citing people familiar with the plan.
Credit Suisse has been hired to find a buyer for the company, the newspaper said. Talks with Yahoo! Inc, which was considering a deal since the spring, have been postponed, Kommersant said.
To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
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