VK can buy Skyeng

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AK&M 12 July 2022 18:30

VK claims to buy the online school of foreign languages Skyeng. The parties are still negotiating, binding documents have not yet been signed. The Vedomosti newspaper writes about this.

Skyeng is likely to develop independently in the case of a deal. It is also noted that other companies are also applying for the acquisition of Skyeng, in particular, Alexey Mordashov's Severgroup.

VK is the largest Russian technology company. VK products and services are used by more than 90% of the Runet audience. VK projects allow you to communicate, play, learn new professions, listen to music, watch and shoot videos, sell and find goods and services, order food and solve many other tasks. The company is also developing a set of products and services for digitalization of business processes - from Internet promotion and predictive analytics to corporate social networks, cloud services and enterprise automation.

The total net profit of VK Company Limited under IFRS for 2021 from consolidated subsidiaries increased by 24.7% to RUB 12.43 billion. compared to a year earlier. The total net loss of the company, taking into account key strategic associates and joint ventures, amounted to RUB 6.48 billion against RUB 1.96 billion. net loss in 2020. VK's total segment revenue increased by 18.2% to 125.75 billion rubles, while total segment EBITDA increased by 18.2% to 31.8 billion rubles.