Google buys Begun to increase presence in Russian Market
Published: 21 July, 2008, 08:40
Global Internet search engine Google is buying Russia's leading contextual advertising service – Begun.
Global Internet search engine Google is buying Russia's leading contextual advertising service – Begun.
Google is pay $140 million dollars to Rambler, which currently owns 50.1 percent of Begun.
Rambler will buy the remaining 49.9 percent of the company from Finam for nearly $70 million dollars before the sale to Google is finalized.
Analysts say the deal will enable the U.S.-based search engine, a late-comer to the Russian market, to challenge the country's top site – Yandex.
21.07.2008, 08:35
Investment brings reform for power generatorsRusHydro has begun construction on a new pumped-storage hydro station in the Moscow region. The unit, worth more than 3 billion dollars, is to begin operations in 2011 and is expected to up energy supplies in Moscow and the surrounding area. The project w |
21.07.2008, 12:18
Lebedev spends up on Oger toursRussian billionaire Aleksandr Lebedev has bought a 76% stake in German tour operator, Oger tours. |
