M&A

Germany’s Delivery Hero and Russia’s Foodik announce merger

November 6, 2012

Last week, Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, and Foodik.ru, announced a merger agreement aiming to “compete for leadership on the Russian market” and “access new international growth opportunities.” The merged company will operate under the Foodik brand, allowing Delivero.ru customers to access Russian restaurants through Foodik’s …

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1C acquires business mobile app developer Agent Plus

October 22, 2012

1C, Russia’s leading publisher of entreprise software, has acquired a 51% stake in Agent Plus, a developer of corporate mobile solutions, for an undisclosed amount. The two companies will create a joint venture for R&D and commercialization purposes, Russian IT portal CNews.ru reported last week. Agent Plus was established in Astrakhan, Southern Russia, in 2004. …

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Megafon could acquire leading mobile phone retailer Euroset

September 26, 2012

On Monday, the Federal Antimonopoly Service (FAS) announced via Twitter that Megafon, one of Russia’s leading mobile operators, has officially filed a request to acquire a 50% stake in Euroset, the country’s largest mobile phone retailer. The terms of the deal have already been defined, the Russian media reported, with oligarch Alexander Mamut yielding his …

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Mail.ru Group acquires Ukrainian webmail service

September 6, 2012

Earlier this week, Mail.ru Group, a leading Russian Internet group listed on the London Stock Exchange, announced  its acquisition of the Ukrainian webmail service ‘Mail.ua.’ Prior to the sale, the webmail service belonged to Internet Invest Group, Ukraine’s largest web hosting service provider. The price of the transaction was not disclosed, but Internetua.com, a Ukrainian …

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ABBYY acquires Connective Language Services to strengthen its position on US market

August 1, 2012

Milpitas, USA – ABBYY®, a leading provider of document recognition, data capture, and linguistic technologies and services, today announced that ABBYY Language Services, part of ABBYY Group, acquired 100 percent of Connective Language Services to increase its productive capacity and expand its service offerings in the North American market. ABBYY Language Services provides comprehensive language support to …

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Germany’s Media-Saturn acquires online consumer electronics retailer 003.ru

July 28, 2012

German consumer electronics retailing group Media-Saturn announced yesterday it has acquired 003.ru, a leading Russian online retailer of consumer electronics, from its founder Vladislav Ulendeev, for an undisclosed amount. Founded in 2000, 003.ru generated revenues of €20 million euros in 2011 with a headcount of approximately 50 employees. The brand 003.ru comes number four in the customer awareness ranking …

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Megafon and Scartel form holding for LTE leadership

July 11, 2012

Having received the green light from the Federal Antimonopoly Service (FAS) last month, Megafon, a leading Russian mobile operator, and Scartel, the WiMAX provider switching to LTE and operating under the Yota brand, are to become part of the same holding. The news, which Russian business daily Vedomosti reported yesterday from a source close to both …

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MTS eyes acquisitions in Europe

June 21, 2012

MTS, a leading mobile operator and telecom provider in Russia and the CIS, is considering acquisition opportunities among European assets that have suffered in the crisis, said MTS investor relations officer Josh Tulgan in an exchange with Bloomberg yesterday. “You can characterize some assets in Europe as borderline distressed. Obviously, we look at opportunities,” though …

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Facebook acquires Face.com; shareholder Yandex may get stake in US social giant

June 19, 2012

After weeks of rumors, Israeli face recognition startup Face.com officially announced yesterday its acquisition by Facebook. The exact terms of the deal were not disclosed, but two unnamed sources familiar with it told AllthingsD that the price was in the neighborhood of $60 million. The amount is significantly below the $100 million that had been rumored previously, but almost three …

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AFK Sistema lays out $15 million to buttress Omlet.ru as content startup rebrands

June 11, 2012

AFK Sistema, a Russian LSE-listed holding, announced last week that it has invested in Stream.ru, a paid video content portal formerly known as Omlet.ru. Stream.ru was launched in 2009 by MTS, a Sistema subsidiary and a leading Russian mobile operator. With a reported investment of 496 million rubles ($15 million), Sistema now owns 55% of …

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