M&A

UK store data solution provider BeMyEye acquires Russian StreetBee

July 13, 2019

BeMyEye, a UK-based provider of “crowdsourced perfect store data,” has acquired StreetBee, a Russian startup that has developed fast data collection and processing solutions for retail. The terms of what seems to be an all-stock deal have not been disclosed, but an unnamed source told Russian business daily Kommersant that StreetBee’s shareholders will receive a …

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2018 Eastern Europe and Central Asia Tech Investment Overview

January 22, 2019

Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …

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US-based IT giant DXC to acquire Russian-founded Luxoft for $2 billion

January 12, 2019

Earlier this week DXC Technology and Luxoft, two major, NYSE-listed IT service providers, announced a definitive agreement for DXC to acquire Luxoft. At $59.00 per share in cash, the deal represents a total equity value of approximately $2 billion, according to the press release. Still subject to customary conditions and regulatory approvals, the transaction is expected to …

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Mail.Ru Group agrees full acquisition of music rights owner UMA for $97 million

December 28, 2018

LSE-listed Mail.Ru Group, which owns Russia’s largest social networks Vkontakte (VK) and Odnoklassiki (OK), has signed an option agreement to complete the acquisition of United Media Agency (UMA), an aggregator and distributor of digital content. UMA is, in particular, the owner of music rights in Vkontakte and of BOOM, a top music app. “Mail.Ru Group’s relationship …

Mail.Ru Group agrees full acquisition of music rights owner UMA for $97 million Read More

Corel acquires leading cross-platform solution publisher Parallels

December 25, 2018

Parallels, a global leader in cross-platform solutions founded in 2000, has been acquired by the Canadian software giant Corel. As a result, “Corel now offers the complete Parallels product line as part of its industry-leading software portfolio,” according to a corporate statement published Dec. 20. Parallels’ products – including its popular software for running Windows on Mac …

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Selling brains: US tech giants buy teams, not startups, from Russia and Eastern Europe

December 18, 2018

Startups from Russia and other countries in the former Soviet Union offer extraordinary tech solutions, but international tech giants prefer buying their “brains” rather than their products or businesses. A part of this trend is the recent deal between Snap and Teleport, a Russian-Ukrainian startup that changes hair color. As reported by East-West Digital News, …

Selling brains: US tech giants buy teams, not startups, from Russia and Eastern Europe Read More

Snapchat reportedly buys Teleport’s technology, woos its best developers

December 14, 2018

Note: This story has been updated following new elements brought by one of Teleport’s founders Snapchat has hired some of the best developers of Teleport, a startup launched by tech entrepreneurs from Ukraine, Estonia and Russia. The US company is also said to have acquired the processing image technology developed by this company, which claims it …

Snapchat reportedly buys Teleport’s technology, woos its best developers Read More

New exit for Russian entrepreneurs in California: Adjust buys Acquired.io

December 6, 2018

Earlier this week Adjust, a mobile measurement and fraud prevention company operating globally from its Berlin headquarters, announced the acquisition of Acquired.io. Founded in San Francisco in 2016 by Russian entrepreneurs Andrey Kazakov and Max Gannutin, Acquired.io has developed a SaaS solution that simplifies and automates campaign management for mobile user acquisition, especially via social networks. In 2017, …

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Report: Venture investment grew to $262 million in Russia in H1 2018

February 4, 2019

RB Partners, a Moscow based M&A, corporate finance and VC advisory, has just released the English version of its bi-annual review of the Russian venture market. The report includes a selection of articles from East-West Digital News which illustrate the industry trends in the first half of 2018. The period was marked by a certain stability, note …

Report: Venture investment grew to $262 million in Russia in H1 2018 Read More

German Westwing sells Russian e-commerce business to Elbrus Capital

November 27, 2018

Westwing, a German e-commerce company selling furniture and designer home accessories, has sold to one of the funds of Elbrus Capital its subsidiary covering Russia and Kazakhstan. This full acquisition was closed in mid November, Elbrus Capital Senior Partner Dmitry Kryukov told Russian business daily Kommersant. The amount of the transaction has not been disclosed, but in …

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Renova subsidiary acquires digital mining solution provider Vist Group for $30 million

November 19, 2018

Zyfra, a Renova subsidiary that develops IIoT and AI industrial solutions, is to fully acquire Vist Group, a 28-year-old developer of solutions for digital mining, metal and other enterprises. Zyfra will spend 2 billion rubles (around $30 million at the current exchange rate) on the acquisition, according to Vedomosti, which cites exchanges with representative of both companies. Implemented …

Renova subsidiary acquires digital mining solution provider Vist Group for $30 million Read More

S8 Capital acquires Price.ru, Rambler & Co seeks new focus

November 21, 2018

S8 Capital, a diversified Russian holding, is to acquire Price.ru, a property of Rambler & Co. In an exchange with East-West Digital News, S8 Capital confirmed that it will fully acquire Price.ru in a transaction that will be completed next year. The amount of the deal has not been disclosed, but business daily Kommersant cited “a source close …

S8 Capital acquires Price.ru, Rambler & Co seeks new focus Read More

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