AAPL Apple Inc

By Olga Razumovskaya

MOSCOW--Russian billionaire Alisher Usmanov has bought around $100 million of shares in Apple Inc. (AAPL), Mr. Usmanov's USM Holdings said Tuesday.

Mr. Usmanov's stake in Apple follows a decline in the share price of the U.S. technology giant. It could not be confirmed when and at what price Mr. Usmanov had purchased the Apple shares, and USM Holdings had no further comment regarding the purchase.

USM Holdings was formed in early 2012 and holds assets in technology, media, telecommunications and mining.

Write to Olga Razumovskaya at olga.razumovskaya@dowjones.com

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