Yesterday Yandex, the NASDAQ-listed Russian search giant, announced its plans to acquire Auto.ru, one of the leading online auto classifieds sites in Russia, for approximately $175 million in cash. The transaction, which remains subject to certain pre-closing conditions, is expected to be completed in Q3 2014. Yandex will purchase 100% of Auto.ru’s issued shares.
The Russian authorities have redesigned most of the country’s prior e-government plans with new deadlines, Russian business daily Vedomosti reported last week. The unexpected rewind appears to throw the project back to its 2009 starting point, calling off the 2014 target for the endeavor to come online. Not only is the deadline for completion of the project …
Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $200,000 investment in Whale Path, a Sunnyvale, California-based startup that offers an on-demand business research platform for companies. Whale Path says it typically delivers fully customized reports to its clients three times faster and at half the price compared to traditional business research …
TMT Investments injects $200,000 into US startup Whale Path Read More
Telegram, an instant messaging startup launched less than one year ago by Pavel Durov, was honored earlier this week in Berlin at the finale of The Europas, a contest for technology startups that attracted companies from all over the world. Built in St Petersburg, the startup is now based “on a plane,” Pavel Durov says. The app has exploded onto …
Pavel Durov’s Telegram wins “Fastest Rising Startup” award at The Europas Read More
Founder of Russian social network Vkontakte Pavel Durov has filed a lawsuit in the US against his former partners in the project and a fund with a stake of almost 50 percent in Vkontakte. He accuses them of fraud and of extorting a stake in the instant messaging application Telegram. Durov and his two companies …
Trading of Yandex shares on Moscow Exchange started yesterday in Russian rubles under symbol “YNDX”. Shares also continue to trade on the NASDAQ Global Select Market, where the search company was introduced in 2011. Sberbank CIB1, the corporate and investment banking business of Sberbank, acted as financial advisor to Yandex. In addition, Morgan Stanley & Co. …
Three years after NASDAQ IPO, Yandex introduced on Moscow Exchange Read More
Last week Rostelecom, the Russian national telecom operator, rolled out the beta version of its long-awaited new portal last week, offering visitors what the developer believes to be an easy-to-use and reliable combination of search, news and ‘life navigation’ capabilities. Available in Russian only, Sputnik.ru is a service and search portal designed to “improve the users’ …
New search engine Sputnik provides Russians with “safer and more useful” Internet Read More
Reverse image search – or searching not by words but by visual content – has just become available to users of Yandex.com. This feature works on computer vision technology created by developers at Yandex. We’ve named it “Sibir” (Russian for “Siberia”), from the acronym CBIR, which stands for “content-based image retrieval”. The technology transforms pictures, submitted by users …
Earlier this month, Russian search engine Yandex made big news by nominating German Gref, the head of state-owned Sberbank, to its Board of Directors. Some may see this as yet another attempt by the Kremlin to crackdown on the Internet. But it wasn’t. Yandex looks as strong as ever as one of the world’s very …
Why Russia’s government cares about Yandex so much Read More
GS Group, a Russian high tech and telecom holding, continues its global expansion with a clear focus on Asia. Almost two years after the launch of a broadcasting joint-venture in Cambodia, the Russian manufacturer of TV receivers and software for TV operators is putting together another partnership in Bangladesh. The project, which GS is pursuing …
Russian telecom holding uncovers Asian market opportunities, this time in Bangladesh Read More
In what have been a rocky first four months of this year, leading Russian Internet companies saw interest in their stocks ebb and flow. Yandex, Russia’s NASDAQ-listed search giant, was heavily in play. Tiger Global Management, one of the largest pre-2011 IPO Yandex owners, is now completely divested of its Yandex stock, NASDAQ reports.
The NASDAQ-listed Russian search giant Yandex is among the main contributors to a $4.1 million capital injection in SalesPredict, a SaaS technology provider helping B2B companies increase revenues using predictive analytics. Founded in 2012, SalesPredict combines and analyzes prospect and customer data from a company’s CRM database, marketing automation solutions, proprietary data sources, social media, and the …
Yandex invests in Israeli predictive analytics startup Read More
