M&A

Yandex.Taxi asserts market leadership, announces new acquisitions

November 12, 2020

Several news came last month from Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber earlier this year. The company  bought the software assets of a Moscow-based company, Nowtaxi. The software supports the accounting of operations with affiliated drivers and provides related analytics. Formally, the software assets, not the company, have …

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Alleged threats on Yandex’s independence scare international investors and Russian IT community

October 23, 2018

Sberbank, Russia’s leading banking institution, has reportedly approached Yandex founder Arkady Volozh regarding the potential acquisition of a controlling stake in the Russian search company. Yandex is listed on both the Moscow exchange and the NASDAQ. The state-controlled bank would consider the acquisition of an at least 30% stake, Russian business publications Vedomosti and The Bell reported yesterday, …

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Abbyy and Softline invest in document software technologies

October 21, 2018

Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired ATAPY Software, as reported by online publication Rusbase. The terms of the deal have not been disclosed. Based in Novosibirsk, Siberia, ATAPY Software provides a variety of custom software development services in the fields of document workflow, document imaging, data capture, optical character recognition (OCR), …

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Sberbank, Rambler & Co and UCS join forces to create multifunction food service platform

October 12, 2018

Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, GHP Group, a wealth management and financial advisory, are joining forces to create a multi-function platform for the Russian restaurant and food delivery market. Also taking part in the venture are Grigory Gurevich and Evgeny Malakhov, who are the founders of restaurant automation software …

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Alibaba and Mail.Ru Group join forces to create “one-stop platform for social, communications, gaming and shopping”

October 15, 2018

Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) today announced a “strategic partnership” that encompasses such a wide area as e-commerce, social media, online entertainment and communications combined. The agreement aims to leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a …

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Chinese investors take full control of YotaDevices, the maker of Russia’s first international smartphone

October 15, 2018

Rostec, a major Russian tech corporation, has agreed to sell its 25.1% stake in mobile device maker YotaDevices to a consortium that includes Chinese companies Trinity World Management (TWM) and China Baoli.  [Update Oct. 15, 2018: The deal was cancelled following a decision from the Hong Kong exchange authorities, as reported by Kommersant.] The deal, …

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Mail.Ru Group surrenders carpooling activity to global leader BlaBlaCar

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is consolidating its leadership on the Russian market with the acquisition of BeepCar, a competing service launched by Mail.Ru Group last year. The terms of the deals are expected to be disclosed in Mail.Ru Group’s next reports. BeepCar traffic will be redirected to BlaBlaCar “as of this autumn,” …

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Rostec and Citadel to invest more than $60 million in IT security joint venture

July 26, 2018

State corporation Rostec and IT holding Citadel have announced an agreement to launch a joint venture which will create corporate IT products based on military developments in the field of information security. As reported by Russian business daily Kommersant earlier this month, the JV will mainly focus on cryptography, quantum calculations, machine learning, Big Data …

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Tinkoff acquires stake in ticket sales company Kassir.ru

July 18, 2018

TCS Group Holding, a major provider of online retail financial services in Russia known as Tinkoff, has acquired a stake in leading ticket sales company Kassir.ru. Neither the size of the stake nor the terms of the transactions were disclosed. Kassir.ru’s existing personnel or existing operations will not be affected by the transaction, Tinkoff stated. Kassir.ru claims to …

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Russia’s Softline acquires stake in Norwegian Crayon

June 14, 2018

Softline, a Moscow-based international software licensor and IT service provider, has acquired a minority stake in its Norwegian IT counterpart Crayon, the company announced earlier this month. Although the amount of the deal has not been disclosed, Russian business daily Vedomosti reports that Softline may have put around $12 million on the table to acquire …

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Rostelecom acquires Solar Security for $23 million to create national cybersecurity center

May 29, 2018

Russia’s national telecom operator Rostelecom has acquired Solar Security, a major local tech player in the field of target monitoring and information security operational management. Rostelecom spent 1.5 billion rubles (roughly $23 million at the current exchange rate) for this acquisition, as announced last week. As part of the deal, Rostelecom’s existing information security resources, …

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