Founder Pavel Durov launched VKontakte for beta testing in September 2006, having just graduated from St Petersburg State University.
The following month, the domain name was registered.
In January 2014, VK's founder Pavel Durov sold his 12% stake in the company to the CEO of Megafon, which is controlled by Alisher Usmanov.
Following the deal, Usmanov and his allies controlled around 52% of the company.
VK does not display its own advertising in the site's music or video sections, nor in the videos themselves.Combined with Durov's personal 12% stake, this gave him 52% of the votes.while Lev Leviev sold his 8% share in the same deal, giving United Capital Partners 48% ownership.In November 2014, the head of The Federal Service for Supervision of Communications, Information Technology and Mass Media, Maxim Ksenzov, said that Vkontakte will complete the process of legalization of the content at the beginning of 2015.At that time (November, 2014), negotiations between major labels companies and the social network Vkontakte were ongoing.