M&A

Mail.ru Group says headhunter sale in doubt as Russia’s recession dampens revenue growth

135 Comments / Finance, Internet, M&A, News, Online classifieds / By

Russian Internet group Mail.ru said on Thursday the sale of its recruitment site might not be completed after the company saw an economic downturn constrain ad spending. The company expects revenue growth of 7-12 percent after 14.8 percent last year that included the results of the VKontakte social network on a pro forma basis, it said in a statement. Most Accurate Cisco 300-101 Prep Guide For …

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Russian fintech fund Life.Sreda acquires Southeast Asian mobile acquiring startup iboxPro

1,161 Comments / Finance, International, M&A, Mobile-Telecom-Satellites, News, Payment & banking technologies, Payments, Startups, Venture / Private equity / By

Life.Sreda, a Russian fund investing in financial and mobile technologies, has acquired iboxPro, a leading Asian mobile point-of-sale service, and intends to merge it with its Russian portfolio company LifePay. The details of the transaction have not been disclosed, but an unnamed source told business daily Kommersant that it amounted to “up to $10 million.”

Yandex purchases software tool for taxis

82 Comments / Finance, Internet, M&A, News, Search engines & SEO / By

Yandex is purchasing Ros.Taxi, a software program for the management of taxis. It allows taxi businesses to take orders, coordinate and lead the work of drivers. Included within the Ros.Taxi brand is a mobile application called Taximeter, which determines the cost of a journey and provides drivers communication with dispatchers. Together with Yandex.Taxi – an …

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Austria’s S&T AG announces major Russian investment plan

1 Comment / Finance, International, M&A, Software / By

The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015. The plan was announced by S&T Vice-President Alexander Malshakov, responsible for the company’s business in Eastern Europe. S&T AG plans to buy several Russian IT companies, …

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Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator

Finance, Internet, Internet access, IT infrastructure, M&A, Moscow, News, Regions & cities / By

Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, has acquired 75% of  Speedyline, a triple-play operator operating in the Moscow region. Trivon has also got the option for the further purchase of the remaining 25%. The deal was completed in December, but announced only last week. …

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Elbrus Capital acquires minority stake in realty classifieds group Cian

187 Comments / Finance, Internet, M&A, News, Online classifieds, Venture / Private equity / By

Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market. The deal included both the sale of existing shares and a subscription for new shares. The amount of the investment and the size of the …

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Rostelecom to acquire major data center and Internet infrastructure company

176 Comments / Finance, Internet, IT infrastructure, M&A, News / By

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery. In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at …

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CTC Media acquires online video content provider CarambaTV

2,073 Comments / Digital Content, Finance, Internet, M&A, News / By

CTC Media, a major Russian media company, yesterday announced the acquisition of a majority stake in CarambaTV, a producer of digital and transmedia content. CTC Media acquired a 51% stake for 148 million rubles (approximately $2.2 million at the current exchange rate). The transaction included the Carambatv.ru and +100500 websites, which together attract over 2 million unique visitors each …

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CPA giant CityAds Media acquires Tinkoff Digital’s mobile advertising platform Madnet

E-marketing & advertising, Finance, Internet, M&A, News / By

Last week, CityAds Media, a Moscow-based international performance advertising platform, announced the acquisition of Madnet. This mobile advertising platform had been launched last year by Tinkoff Digital, а Russian developer of innovative Internet and mobile advertising technologies, as “the first real-time bidding (RTB) platform in Russia for mobile devices.” Madnet has developed its own DSP, …

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Yandex acquires e-commerce recommendation service, Runa Capital celebrates first Russian exit

5 Comments / Finance, Internet, M&A, News, Search engines & SEO, Software / By

Yandex, the Russian search giant, has acquired a browser application developed by Metabar, a portfolio company of Runa Capital. The financial details of the deal have not been disclosed, but Runa reported that it “provided a multiple return on investment.” Christened “Sovetnik” (Russian for “advisor”), this browser extension helps users find the best offer for …

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