M&A

Russian e-commerce market consolidates: Tehnosila acquires e96.ru

February 18, 2016

Last week Tehnosila, a major Russian e-commerce company that sells home electronics and a variety of other products, announced the full acquisition of e96.ru, another major site specializing in consumer electronics and home appliances. The details of the transaction have not been disclosed, but DataInsight analyst Fedor Virin has estimated e96’s value at around 500 million …

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2015 in review: Foreign players did not lose all interest in Russian tech markets

February 7, 2016

This week and next, East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. Today’s article highlights the attitude of international players towards the Russian tech market.  In spite of the international tensions, sanctions and retaliation measures that followed the Ukrainian conflict, Russia’s tech markets kept some appeal in the eyes of a number of …

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Russia’s online dating market consolidates: Mamba acquires Teamo

October 4, 2016

Mamba, the leading online dating company in Russia, has acquired Teamo.ru, an online service launched in 2010 by Moscow-based Internet startup investor and incubator Fastlane Ventures. Russian business daily Kommersant heard from a source “with knowledge of the project” that Teamo has been valued at “several million US dollars.” Mamba’s general manager Andrey Bronetskiy characterized Teamo as “a …

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Hong Kong investment company acquires Russia’s Yota Devices in $150 million deal

February 12, 2016

Earlier this week Rex Global Entertainment, a Hong Kong-based investment company, announced that it has acquired a 64.9% stake in Russian smartphone manufacturer Yota Devices for $100 million. The shares were purchased from Telconet Capital Limited Partnership. The remaining shareholders are Russian state corporation Rostec (25.1%) and Yota management (10%), Yota Devices CEO Vladislav Martynov told Russian …

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Naspers acquires controlling stake in Avito.ru in one of Europe’s largest startup exits

February 12, 2016

Naspers announced today a $1.2 billion transaction to become the largest shareholder in Russia’s leading online classifieds site Avito.ru — just weeks after the company aired its IPO plans. After buying shares from existing shareholders, Naspers will increase its stake from 17.4% to 67.9% on a fully diluted basis. Kinnevik is selling its entire 31% stake to the …

Naspers acquires controlling stake in Avito.ru in one of Europe’s largest startup exits Read More

Direct Group sells women’s sites Passion and WMJ to Rambler & Co

February 12, 2016

Direct Group, a Moscow-based investment company owned by French businessman Pascal Clément, has sold its two women’s sites, Passion.ru and Woman Journal (WMJ.ru), to Russian tech media group Rambler & Co. Announced earlier this month at an industry conference in Bruges, the news was confirmed by a Rambler representative in an exchange with business daily Kommersant. The details …

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Yell.ru acquires Ukrainian-Russian startup YouScan

February 12, 2016

Local search and user review service Yell.ru has acquired a controlling stake in Ukraino-Russian startup YouScan by buying the shares of the previous investors, while the founding team retained a minority stake. No further details of the transaction were disclosed. Yell also announced that it will invest $1 million in the company’s further development. YouScan …

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Avito acquires delivery service aggregator CheckOut and prepares for IPO

February 12, 2016

Avito, Russia’s leading online classifieds site, is preparing for an IPO, co-founder and CEO Jonas Nordlander stated last week. Avito is “in the preparation for the simple reason that we want to have options if it at some point makes sense for the business and shareholders to go public,” Bloomberg quoted him as saying. Avito …

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Snapchat acquires Looksery in reported $150 million deal

February 14, 2016

Yesterday Snapchat announced the launch of “Lenses,” a new feature that enables users to create a variety face effects while making selfies. These augmented reality filters will allow you to change eye or skin color, alter your face to remove blemishes or look thinner. Behind these new types of avatars is a technology developed by Looksery, a startup originated from Odessa, Ukraine, with offices in …

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Report: Venture investment in Russia grew in 2014 thanks to state support

February 14, 2016

Venture investment volumes in Russia remained at a rather high level in 2014, but state funds accounted for an important fraction of this activity while many foreign funds decreased or ceased operations in Russia. This is one of the key findings of the 2014 report by RMG, an independent Moscow-based investment company, whose English version has just …

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Rambler & Co acquires computational linguistics software company RCO

February 16, 2016

Russian tech media group Rambler & Co has acquired a 51% stake in RCO, a major software publisher and service provider in the field of computational linguistics and unstructured data analysis. No details of the transaction were officially disclosed, but in an exchange with Kommersant Nikolai Davydov of Gagarin Capital estimated that it amounted to …

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Yandex transfers professional network Moi Krug to Thematic Media

June 19, 2015

Russia’s search giant Yandex has “handed over” Moi Krug, a major professional social network which it acquired back in 2007, to Thematic Media (TM), a publisher of several online tech publications. The transaction was confirmed earlier this month by a Yandex representative to business daily Vedomosti, but no details of the deal have been disclosed. Yandex …

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