Quoting sources speaking to RBK, ComNews reports that although MTS is willing to pay around R20 billion (€274 million) for a 100% stake in MTS, not all shareholders are willing to sell the company at such a price.
Ivi.ru was founded by Oleg Tumanov and launched in February 2010. Although its exact shareholder structure is unclear, it is known to include Tumanov, Interros, Baring Vostok, ru-Net, Tiger Global and Buran Ventures.
While the company saw its revenues grow by 62% to R3.94 billion in 2018, one reason for the sale could be low profitability.
It posted net losses of R130.5 million in 2017 and the figures for last year are still unknown.