• 2 min read
VK Agrees to Sell RuStore to Its Own Management
VK will sell 100% of RuStore to developer-company CEO Dmitry Pankrushev. The deal amount was not disclosed.
Image: ITzine
VK has agreed to sell 100% of the RuStore app marketplace to Dmitry Pankrushev, the CEO of the company that develops the store. Before joining VK, Pankrushev worked at RedMadRobot.
In February 2024, VK Company LLC bought 70% of the legal entity Mnogo Prilozheniy from RedMadRobot. Its developers had worked with VK on the creation of RuStore.
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According to the report, RuStore has become one of the places where Android users in Russia can find key services, while developers use it as a platform for their apps. The sale to management means the marketplace will continue to operate under the team already responsible for its development.
That team is expected to keep shipping updates, adding new features, and maintaining the store for users, developers, and partners. The value of the transaction was not disclosed.
Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
via ITzine
