M&A

Yandex acquires leading movie portal KinoPoisk from France’s AlloCine

October 16, 2013

Yandex, Russia’s leading search engine and major Internet group, announced yesterday that it acquired KinoPoisk (in Russian: “Cinema Search”), the largest Russian language portal on movies, TV programs and celebrities. This site’s database contains 100 million movie descriptions and ratings with associated trailers, user commentaries and advertising. Each month, it attracts nearly 16 million unique …

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Government considers protecting “strategic” IT companies from foreign acquisition

October 1, 2013

One of the major risks facing the Russian industry IT is a takeover of domestic companies by Western giants, stated a yet unpublished development strategy plan for the industry, as reported by the business daily Vedomosti. To minimize this risk, the Ministry of Communications, which produced the document, proposes to include “some” IT companies in …

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Fastlane, Prostor and Runa merge assets to create online health and medicine leader

September 27, 2013

Fastlane Ventures, Prostor Capital, and Runa Capital have shaken hands to combine two sites in the field of online health and medicine: VitaPortal, which has been funded so far by Fastlane, Prostor, and US business angel Esther Dyson, and Zdorovie Online, which is coming from Runa’s portfolio. Launched in 2011 as a medical news and …

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Online hotel booking service Oktogo.ru acquires information portal Travel.ru

September 13, 2013

Last week Oktogo.ru announced the acquisition of information portal Travel.ru for a price of “up to $2 million including stock incentives,” according to a company statement. Founded in 1998, Travel.ru is one of the oldest resources in the Russian-language online travel segment. It reaches approximately 1.7 million users each month with up to 5 million page …

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Onetwotrip acquires US hotel booking startup DealAngel, Bright Capital celebrates first exit

August 9, 2013

Moscow-based online flight ticket retailer Onetwotrip.com, one of the fastest growing startups on the Russian scene, has fully acquired DealAngel, a startup that has developed an advanced hotel booking technology. The news, revealed earlier this week by the Russian business daily Vedmosti, was confirmed to East-West Digital News by Onetwotrip’s founder and CEO Peter Kutis.

VimpelCom ready to pull out of sub-Saharan Africa and redouble presence in Pakistan

November 19, 2014

VimpelCom, a NYSE-listed telecom group with operations in Russia, Italy, and some other markets, is selling two of its sub-Saharan assets and considering purchasing a Pakistani mobile operator, Reuters reported earlier this week, citing knowledgeable banking sources. VimpelCom is believed to have sold its units in Burundi and the Central African Republic for $100 million …

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Media3 acquires realty classifieds site Cian.ru with leadership ambitions

July 29, 2013

A few months after the merger of Avito,ru, Olx.ru, and Slando.ru, which have formed Russia’s leading online classifieds company, market consolidation continues with Media3’s acquisition of Cian.ru. A major Russian media publishing, commercial printing, and distribution group, Media3 plans to merge Cian.ru and Dmir.ru, a sizable classifieds group with seven thematic platforms – including real …

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Nokia Siemens Networks yields stake in LTE equipment manufacturer to Rusnano

November 11, 2020

Rusnano, a state-owned investment corporation focused on developing the Russian nanotechnology industry, has bought a 25% stake in the vendor of LTE equipment Wireless Technology Center (WTC) from Nokia Siemens Networks (NSN), the news agency Prime reported last week. Rusnano paid 330 million rubles (approximately $10 million) in the transaction which valued the joint venture …

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Russian IT market veteran takes over young web security solutions provider

November 19, 2014

Treolan, a dynamic, Moscow-based distributor of hardware and software products, announced last week the takeover of Safeline, a leading, six-year-old, multivendor distributor of IT security solutions in Russia and the former USSR. Informzaschita, the seller in the deal and a leader in Russia’s IT security market for over 17 years, confirmed the transaction in its own …

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Luxoft acquires open-source solutions of Freedom OSS

April 29, 2013

Luxoft, a prominent offshore software developer with headquarters in Moscow, announced last week the acquisition of the open-source solutions of Freedom OSS as well as “some [of its] other assets.” Based in Newtown, PA, Freedom OSS provides clients in the U.S. with consulting and implementation services related to JBoss and Red Hat Professional Open Source products.

Rumors dispelled: Richard Branson’s mobile business still alive in Russia – and “expanding aggressively”

April 15, 2013

In an exchange with East-West Digital News, a top official of Virgin Connect has denied the rumors circulating in the Russian press that Virgin is shutting down its mobile projects in Russia. Virgin’s founder and chairman Richard Branson was reported to be “definitely upset with Russia” and his local company had supposedly dropped plans to …

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Ekaterinburg-based e-retailer e96.ru emerges as major Russian online retailer

April 9, 2013

E96.ru, an online retailer of consumer electronics and home appliances based in Ekaterinburg, claims that it generated no less that 1 billion rubles (approximately $33 million) in sales during the first quarter of 2013, up 206% from the same quarter of 2012. The future will determine how long the company will maintain this pace, but …

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