Mail.ru Group purchases a 25% stake in Russian educational service for students Uchi.ru. The deal value is equal to RUB 3,75 billion. Under the agreement Mail.ru Group and current shareholders of Uchi.ru will have a right to exercise options and as a result increase the buyer's share in the target.
Uchi.ru is the largest Russian educational online-platform, which enables students to practice core school subjects, learn to code, prepare for exams or participate in olympiads free of charge or on a subscription basis. More than 8 million students and 350 thousand tutors use Uchi.ru.
Link to the official press release
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Sergey Airapetov, Partner
Anton Fedotov, Associate.