M&A

Mail.Ru and Sberbank inject $160 million in their foodtech and mobility JV

November 12, 2020

Last week Mail.ru Group, the LSE-listed Russian Internet major, and Sberbank, the state-controlled financial and technology giant, announced a capital injection of 12 billion rubles (approximately $160 million) to develop their ‘O2O’ joint venture. Agreed in June last year, this JV combines the businesses of the two groups across a variety of fields, from ride-hailing …

Mail.Ru and Sberbank inject $160 million in their foodtech and mobility JV Read More

Sberbank to increase its hold on top media group Rambler

July 29, 2020

Sberbank, Russia’s state-controlled financial and tech behemoth, plans to increase its share of Rambler Group, a major online media and entertainment group. Following the acquisition of a 46.5% stake in August last year, Sberbank is now preparing for an additional investment “to ensure the group’s absolute leadership in the market.” The investment is set to total 2 …

Sberbank to increase its hold on top media group Rambler Read More

Quarterly review: Russian startups seduce Silicon Valley; Mail.Ru and Sberbank continue buying spree; Telegram gives up blockchain project

July 31, 2020

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the second quarter of …

Quarterly review: Russian startups seduce Silicon Valley; Mail.Ru and Sberbank continue buying spree; Telegram gives up blockchain project Read More

Kaspersky purchases additional stake in Russian cloud solution provider

July 22, 2020

Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has increased its stake in New Cloud Technologies (NCT) from 29.5% to 47%, the Kommersant business daily reported. These shares were sold by company founder Andrey Cheglakov. Kaspersky acquired its initial 29.5% stake in May last year. Launched in 2013 — now with offices in Moscow, St. …

Kaspersky purchases additional stake in Russian cloud solution provider Read More

While divorcing with Sberbank, Yandex raises $1 billion to finance e-commerce projects

July 9, 2020

Major changes took place in late June on the Russian e-commerce and e-payment scenes. Yandex, the Russian Internet major, and Sberbank, the state-controlled financial and technology giant, announced an agreement “to reorganize their two joint ventures” – Yandex.Market and Yandex.Money.  In plain language, this is a divorce. Yandex is to own entirely the e-commerce platform …

While divorcing with Sberbank, Yandex raises $1 billion to finance e-commerce projects Read More

Sberbank to acquire leading mapping service 2GIS at $205 million valuation

June 16, 2020

Sberbank, the Russian state-controlled financial and technology giant, is extending its empire to mapping services with the acquisition of a 72% stake in 2GIS. The deal, just announced, valued the company at 14.3 billion rubles ($205 million at the current exchange rate). Its approval by the antimonopoly authorities is expected in the third quarter of this …

Sberbank to acquire leading mapping service 2GIS at $205 million valuation Read More

Russian oligarch Mikhail Fridman lost $27 million in Uber investment

November 12, 2020

LetterOne (L1), an international investment group controlled by Russian oligarch Mikhail Fridman, sold its stake in Uber for $173 million in February last year. The transaction was made public in the group’s 2019 financial report, as reported by RBC. LetteOne had purchased this stake for $200 million in 2016, presenting the deal as “strategic investment.” Fridman …

Russian oligarch Mikhail Fridman lost $27 million in Uber investment Read More

Reuters: Sberbank prepares to buy large stake in Ozon

June 6, 2020

Sberbank, the state-controlled financial and digital giant, is in talks to buy a large stake in e-commerce major Ozon, Reuters reported yesterday, citing “four sources close to the matter.” A banker told the news agency that “an agreement was nearly ready.” The bank would acquire around 30% of the company after the issuance of additional shares. …

Reuters: Sberbank prepares to buy large stake in Ozon Read More

Russian video publishing startup acquires UK company to get stronger and go global

May 29, 2020

Russian video platform Viqeo has announced the acquisition of Suggestv, a UK adtech company, as reported by RB.ru. The terms of the deal were not disclosed.  Founded in 2015, Suggestv uses machine learning to increase video views for publishers. These may “automate the embedding of video content in-article to build a predictable pre-roll revenue model and unlock new …

Russian video publishing startup acquires UK company to get stronger and go global Read More

Mail.ru Group and Sberbank complete acquisition of food delivery service Samokat

November 12, 2020

Thursday last week Mail.ru Group and Sberbank announced that O2O, their ride-sharing and food delivery joint venture,  completed the acquisition of Russian food delivery startup Samokat. Following approval from corporate bodies and antimonopoly authority FAS, O2O now owns 75.6% of the service. The remaining shares (24.4%) are in the hands of Samokat’s founders and managers. The transaction …

Mail.ru Group and Sberbank complete acquisition of food delivery service Samokat Read More

Russian oligarch Alisher Usmanov extends his tech empire to smart device manufacturer

May 19, 2020

Yadro, a major vendor of hardware data storage systems controlled by Alisher Usmanov , has acquired a 51% stake in notAnotherOne.  Founded in 2013, notAnotherOne is a full-cycle developer and manufacturer of innovative consumer and business electronics. The company focuses on industrial design, technology research, hardware design and cloud solution integration.  notAnotherOne claims to have developed and manufactured six mobile apps, four cloud solutions and more than …

Russian oligarch Alisher Usmanov extends his tech empire to smart device manufacturer Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.