Thursday, Apr 25 2024 | Time 19:24 Hrs(IST)
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World


Russian tycoon in talks to sell media holding that angered Kremlin

MOSCOW, Apr 18 (Reuters) Russian tycoon Mikhail Prokhorov is in talks to sell his RBC media holding, which angered some in the Kremlin with its reporting on the business interests of people close to President Vladimir Putin, according to people briefed on the discussions.
The talks come a year after Russian law enforcement conducted searches of Prokhorov's offices. At the time, sources close to the media group told Reuters the searches were prompted by Kremlin anger at the revelations it published, though the Kremlin has denied this link.
The searches sparked market speculation -- denied by Prokhorov's holding company Onexim -- that he was considering selling some of his Russian assets.
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