The announcement goes on to say that EXMO “decided to sell the digital assets business in Russia and Belarus.” EXMO is also giving up its users in Kazakhstan since the new owner is based there. The structure of the deal is unclear, as EXMO hadn’t been operating as a separate legal entity in Russia. According to Maria Stankevich, EXMO’s chief business development officer, what’s being sold is “around a million users, software, intellectual property and [much] more.”
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