Access Industries, a US based industrial holding with international assets owned by prominent Russian-American businessman Leonard Blavatnik, has acquired a stake in Vigoda.ru (in Russian: “Advantage”), one of Russia’s numerous local deal sites.
Tulp.ru, a website where users can share impressions on local businesses—from detailed stories of their consumer experince to photos and ratings—is about to raise $3 million from “an important Russian offline player,” reported company founder Taisiya Kudashkina to EWDN.
Sberbank and VTB bank have been announced the winners of an open tender, held by the interregional telecom operator North-Western Telecom, for loan contracts worth a total of $528 million, the company reports.
Skolkovo, the state-sponsored innovation hub under construction near Moscow, has selected 28 projects to fund, according to its vice president, Stanislav Naumov, on March 4. He said that by the end of the year, that number will have risen to 116. Important tax and customs exemptions will also be offered.
Authorities in the Republic of Bashkortostan have announced an open auction to sell 60.46% shares in Ufa-based telecommunications systems manufacturer BETO at starting price of $13.7 million. The participants bids are accepted before April 4, and the auction is scheduled to be held on April 8, 2011.
A handful of mobile and telecom operators in Russia signed a memorandum last week, in the presence of Prime Minister Vladimir Putin, to establish a joint venture for developing an LTE network. The companies involved are VimpelCom, MTS, and MegaFon, the leading Russian mobile operators; Rostelecom, Russia’s national telecom operator; and Scartel, operator of the …
Leading Russian operators could join to create LTE infrastructure Read More
“We rule out, and consider to be utopian, a full integration of Vkontakte into Mail.ru Group,” said Pavel Durov in an open letter published yesterday. Durov, Vkontakte.ru’s general manager and main shareholder, denied holding any discussions about an increase of the Mail.ru Group stake in Vkontakte.ru, Russia’s leading social network.
Wikimart.ru closed a second round of financing with US venture fund Tiger Global partners, reported Wikimart founders Maxim Faldin and Kamil Kurmakaev yesterday to Russian business daily Vedomosti.
MICEX, one of the two main Moscow stock exchanges, has opened the IPO Board, a web service dedicated to innovative companies, including those at startup stage. This resource will allow “buyers” and “sellers” to publish their offers and make deals directly.
In a report issued today, Uralsib Capital estimated that Mail.ru Group, an LSE-listed Russian Internet group, is overvalued.
Russian startup yaM Labs attracted $500,000 from Foresight Ventures, a Russian venture fund. yaM is a SaaS application supporting meetings at all stages – from planning to results. The application can be used for any type of meeting, either face-to-face, telephone call, telephone conference or video conference and for any type of user, from individuals …
Mail.ru Group is in discussions with other owners of Vkontakte.ru with a view to take full control of this leading social network, said Dmitry Grishin, the group’s general manager.
