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Webinar: Reducing Tax Risk for High-Growth Companies

If there’s one thing certain when it comes to tech companies and taxes, it’s that nobody likes surprises regarding risk in their business or investments. This couldn’t be truer than in high-growth companies that are embarking on a major expansion, approaching an IPO or acquisition, or evaluating some other exit strategy.

How Vkontakte and Mail.ru overcame lawsuits, drama, and intrigue to reach a happy ending

Last week, Mail.ru Group, the LSE-listed Russian Internet giant, announced it now fully controls Vkontakte (VK.com), the leading Russian language social network with over 250 million registered accounts and 60 million daily users. The group, which already owned 52 percent of the Vkontakte, bought the remaining 48 percent stake from UCP, the Russian investment fund that had become a VK shareholder in April last year. The all-cash transaction amounted to $1.47 billion.

Look out, iCloud. Microsoft buffs up OneDrive with more free storage

Amid all the fresh interest in Apple’s iCloud cloud-storage option following the company’s rollout of the iPhone 6 and iPhone 6 Plus, Microsoft doesn’t want you to forget about its cloud-storage service, OneDrive. Late yesterday the company announced a promotion that bumps up OneDrive’s free storage tier — and not only for iPhone users, but for Android and Windows Phone owners as well.