Dutch Investor Prosus To Write Off 700 Million Stake In VK Group
AMSTERDAM, March 7 (Reuters) - Prosus, the Dutch technology investor, said it was writing off its stake in Moscow-headquartered online platform VK Group, which it said was valued on Prosus's books at $700 million.
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VK Group Ltd., known until October as Mail.Ru, is one of Russia's largest internet companies, known for social networking and gaming.
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Because that's how I felt, and here I'm an older woman... I had nightmares about it afterwards. So my heart breaks for these young women. "I did not like that he had meetings with Jeffrey Epstein," she said, noting that she met Epstein once and regretted doing so. "He was abhorrent, he was evil personified.
Their children and grandchildren enjoyed a life of luxury, attended the finest schools, and became fixtures on the glitzy society circuit. It was originally known mostly for producing laxatives and earwax removal. Within their lifetimes, the brothers amassed an enormous fortune and began collecting art, wives and houses around the world. The name was later changed to Purdue Pharma in 1991.
Despite the hefty $6 billion settlement , the Sackler family will be able to maintain the bulk of their personal wealth that was moved to off-shore accounts before their Chapter 11 filing. The money, which will be used to fund victim compensation and addiction treatment, notably frees the Sackler family from all future civil lawsuits but does not preclude them from criminal prosecution.
In a statement, Bill Gates said, "I will always be sorry for the pain that I caused Melinda and our family. I admire Melinda and everything she does to improve the lives of women and girls around the world, and I'm grateful for the work we continue to do together at our foundation."
One glossy for the pill depicted a woman surrounded by concerned doctors and family members because of her 'psychic tension', a 20th century term for what is now just considered stress. In part because of the success of Arthur's campaign, Valium became the first drug in US history to top $100 million in sales.
His older brother, Richard Sackler, 77 (right) was chairman and president of Purdue Pharma from 1999 to 2018. He joined the family business in 1971 and is often portrayed as a central villain to the opioid epidemic for playing a big part in the development and marketing of OxyContin
Roman Abramovich has today had at least £3.2billion of UK assets frozen, preventing him carrying out a fire sale of Chelsea FC and his London homes - but the Government still aren't able to seize anything off him, experts told MailOnline today.
It wasn't one moment or one specific thing that happened. "Well, I certainly believe in forgiveness," French Gates told King. There just came a point in time where there was enough there that I realized it just wasn't healthy, and I couldn't trust what we had." "So I thought we had worked through some of that.
MOSCOW, March 4 (Reuters) - Russian internet giant Yandex on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover.
Before they were dogged by controversy, the Sacklers were one of America's most esteemed philanthropic dynasties, with a combined $13 billion fortune made in pharmaceuticals. Pictured above is some of the Sackler family: Dr Richard Sackler, standing second from left and Jonathan Sackler standing second from right.
Seated is Raymond and Beverly Sackler
In the $6 billion settlement, Purdue Pharma would be dissolved and restructured as a new company called 'Knoa Pharma' that will develop and distribute overdose-reversal medicines and be run by independent board members (with no ties to the Sacklers).
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In the event that such redemption right was triggered, we would be required to issue a notice within five calendar days informing the holders of the notes of their redemption rights," Yandex said in a statement. "The current principal amount outstanding is $1.25 billion.
They are still running the Bill & Melinda Gates Foundation, but she has reportedly decided to shift most of her donations away from their joint endeavor. French Gates said she is "friendly" but not friends with her ex-husband. The two were seen together at the wedding of their daughter Jennifer in October.