The Center for Network Interaction Technologies (TsTVS in Russian) has invested in the content delivery network (CDN) operator Ngenix and received a blocking stake in it, reported last week IKS Media, an online publication covering the Russian IT and telecom market. TsTVS is owned by data center operator SafeData and prominent Russian businessman Dmitry Shumkov. …
Utinet.ru, e96.ru and Sotmarket, three major Russian e-commerce companies, announced yesterday the completion of their merger process – started last year – into an integrated company, christened “Platform Utinet.Ru.” Part of the company’s stock is being floated on the Moscow exchange following Utinet’s IPO in 2011. The merger went through the acquisition of 100% shares …
Utinet.ru, e96.ru and Sotmarket.ru merge into one listed company Read More
This past February the South-African media group Naspers acquired a 30.7% stake in eSky.ru, a Russian online retailer of children’s goods. The transaction, which amounted to 200 million South African rands (approximately $20 million), has just been made public in the group’s latest financial report. Esky.ru operates in one of the most dynamic areas of Russia’s e-commerce market. …
Naspers acquired stake in Russian kids goods online store Esky.ru Read More
Rocket Internet’s online food delivery platform Foodpanda, together with its affiliated brand Hellofood, announced yesterday that it has taken over Russia’s food delivery business Delivery Club. The size of the transaction has not been disclosed, but an insider told Russian business daily Vedomosti that it stood at around $50 million.
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.
Banki.ru, one of the largest B2C banking portals on the Russian-language Internet, has acquired Finparty.ru, a resource offering informal coverage of the finance industry, IKS Media reported last week. Founded in 2010, Finparty also includes Finparty Events, an agency that organizes corporate events.
Yesterday, French mobile analytics startup Capptain, which so far had been funded by Moscow-based venture fund Runa Capital, announced it was being acquired by Microsoft. The amount of transaction has not been disclosed, but Runa’s PR Director Liliana Pertenava told East-West Digital News that the fund had made “lots of money” on this investment. While the …
From Russian funding to an American exit: French startup Capptain acquired by Microsoft Read More
Yesterday Ozon Holdings, one of Russia’s most established e-commerce players, announced that it acquired a stake in LitRes, the leader in Russia’s fast growing – though still embryonic – domestic e-book market. Neither the size of the stake nor the amount of the transaction has been disclosed. Ozon presented the deal as a way “to further …
Ozon acquires stake in LitRes, the leading Russian e-book store Read More
ArcticStartup, the Helsinki-based news blog covering breaking startup news from the Nordics and Baltics, is proud to announce the upcoming “Arctic15: Exit Path” conference, which will pull in an estimated 800 entrepreneurs, investors, and corporate M&A advisors in Helsinki on May 27th and 28th. More than 20 international speakers will attend the conference, including Trip …
Parallels, a global provider of cloud enabling and desktop virtualization solutions founded by a Russian team in 1999, announced last week an expansion of its strategic alliance with technology distributor Ingram Micro Inc. Not only will Ingram Micro deploy Parallels Automation as the core service delivery platform for its new global Cloud Marketplace, but the relationship …
Global technology distributor Ingram Micro invests in Parallels in new alliance Read More
Ruselectronics, Russia’s umbrella company for national radio electronics assets, has announced plans to buy into OAO Integral, a sizable microelectronics maker in Minsk, Belarus. After due diligence is completed, the Russian holding could acquire a minimum 51% stake in Integral, then invest further in joint microelectronics production.
GS Group, a St. Petersburg-based industrial holding with vested interests in telecommunications, has bought into Novabase, the leading IT player in Portugal, and is paving the way for a major expansion in Western Europe and Africa. The sizable Russian manufacturer of TV receivers and software for TV operators announced earlier this week that it had …
Russian TV gear maker acquires Portuguese IT assets, eyes new markets Read More
