An unknown group of Russian businessmen agreed to acquire an unknown majority stake in Public Joint Stock Company M.video (MISX:MVID) from Gutseriev on April 29, 2022. Gutseriyev intends to remain on the Board of Directors. The transaction is subject to finalization of binding documentation, regulatory and corporate approvals as well as lenders' consent. The transaction is expected to be closed by the end of 2022.