M&A

July 2019 in Eastern Europe: Photo app hysteria, foreign ownership restrictions, battle of Internet titans in Russia

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The July review analyzes the …

July 2019 in Eastern Europe: Photo app hysteria, foreign ownership restrictions, battle of Internet titans in Russia Read More

Russian software company Abbyy acquires US process intelligence solution provider TimelinePI

Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired US process intelligence solution provider TimelinePI. This acquisition is a “strategic investment” for Abbyy, which expects to “have the most comprehensive process intelligence platform [going] beyond traditional text analytics and process mining [and achieving] true digital intelligence and Digital IQ,” commented Ulf …

Russian software company Abbyy acquires US process intelligence solution provider TimelinePI Read More

Sberbank completes acquisition of Speech Technology Center to create “global leader” in biometrics

Sberbank, the state-controlled financial giant, has completed the acquisition of a 51% stake in Speech Technology Center (STC). Digital Horizon, a VC and business incubation firm with offices in Moscow and Tel Aviv, is also acquiring a minority stake in STC.  Gazprombank, which has sold a part of its shares, remain a strategic shareholder in …

Sberbank completes acquisition of Speech Technology Center to create “global leader” in biometrics Read More

Sberbank acquires logistics service provider Shiptor

Yesterday Sberbank announced the acquisition of Shiptor, a mid-sized logistics and delivery service provider. This acquisition is laying the foundation of ‘SberLogistika,’ a service which will be “integrated with all the systems of bank and its ecosystem,” as stated by the bank. The terms of the deal have not been disclosed.  Last month Sberbank started …

Sberbank acquires logistics service provider Shiptor Read More

Financial Times: Hopes of a ‘Russian Amazon’ hit by corporate rift

Yesterday the Financial Times published a long article analyzing the relationship between the Russian financial behemoth Sberbank and leading tech company Yandex. Following insisting rumors and recent market news, the British business daily puts at doubt the robustness of the e-commerce joint venture between the two companies.   “When the Russian banking giant Sberbank launched …

Financial Times: Hopes of a ‘Russian Amazon’ hit by corporate rift Read More

Sberbank’s alliance with Mail.ru Group puts its partnership with Yandex under question

In a move that could have far-reaching strategic implications, Mail.ru Group and Sberbank – two giants of the Russian Internet listed on Western exchanges – yesterday announced a joint venture project to develop ride-hailing and food delivery activities. This is the first-ever cooperation of that type between these two companies, the Mail.ru Group press service …

Sberbank’s alliance with Mail.ru Group puts its partnership with Yandex under question Read More

Two acquisitions this week: Mail.ru Group gets “high spirits” in gaming and niche leader in adtech

This week Mail.ru Group, the LSE-listed Russian Internet giant, announced almost simultaneously two acquisitions: that of acquired Belarusian game studio Swag Masha through its gaming branch My.Games and that of Russian content & ad recommendation service Relap.io. Acquiring “an idea and high spirits” Founded in May 2018 and based in Minsk, Swag Masha is a small game …

Two acquisitions this week: Mail.ru Group gets “high spirits” in gaming and niche leader in adtech Read More

Yandex.Taxi announces new acquisition to maintain leadership; Mail.ru Group claims veto right

Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber last year, is planning a new acquisition to expand across Russian regions.  The company (formally called MLU) announced today an agreement to acquire the IP and call-centers of Vezet, a taxi-hailing service which is available in 123 Russian cities under …

Yandex.Taxi announces new acquisition to maintain leadership; Mail.ru Group claims veto right Read More

Mail.ru Group acquires stake in Performance Food delivery service

Mail.ru Group, a leading, LSE-listed Russian Internet company, has acquired a minority stake in Performance Food, a Moscow-based food delivery service specializing in premium healthy nutrition programs. The financial details of the deal were not disclosed. As reported by business daily Kommersant, which cites official company registers, MGL Mail.ru Equity Ltd, a Cyprus-based subsidiary of Mail.ru …

Mail.ru Group acquires stake in Performance Food delivery service Read More

Yandex acquires e-ticketing system to double its market share

In a move to increase its share of the Russian e-ticketing market, Yandex, the NASDAQ-listed Russian Internet giant, has acquired the exclusive rights to the e-ticketing system called TicketSteam. The financial details of the deal,  reported by business daily Kommersant, were not disclosed. According to InterMedia news agency director Yevgeny Safronov, Yandex’s share of the e-ticketing market …

Yandex acquires e-ticketing system to double its market share Read More

Huawei acquires Russian face recognition technology

Chinese electronics manufacturer Huawei has acquired the face recognition technology of Russian startup Vocord, with patents and equipment and hiring most of the related team, as reported by business daily Vedomosti. According to the official company register, the deal took place on May 17 when Huawei subsidiaries fully acquired Moscow-based Eagle Softlab. Earlier this year, Eagle Softlab, …

Huawei acquires Russian face recognition technology Read More

Alibaba, Mail.Ru, MegaFon and RDIF commit to invest nearly $400 million in Russian social commerce joint venture

Yesterday Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) announced they received approval from Russia’s antimonopoly authorities for their “social commerce joint venture.” The JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a large part of the e-commerce flows between China and Russia. The partners …

Alibaba, Mail.Ru, MegaFon and RDIF commit to invest nearly $400 million in Russian social commerce joint venture Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.