Archives for January 2009
Congratulations to Mark Tluszcz, co-founder and Managing Partner of Mangrove Capital Partners, who has been named to the Forbes Midas List for 2009. Mark was also named to the list for 2008 and 2007. Forbes says about Mark: “Prefers Europe’s potential over Asia; searches the Continent for the Web’s next social phenomenon. Invested in speed [...]
Last December, the Russian media group Prof-Media reportedly sold out its business publisher B2B Media to an undisclosed investor. E-xecutive.ru, a social network and online portal for business professionals that is owned by B2B Media, is now being acquired by a group of private investors for about $1 million, reported business daily newspaper Kommersant. Founded [...]
When I was looking for an apartment in Moscow more than a year ago, I was able to find one and pick it up before anyone else saw it in other sources thanks to WinNER. This service has now received fresh funding to expand its database offerings to web users. The leading Russian internet investor, [...]
What do you do if you are a market leader in social networking? You will try to leverage your position and maximize revenues. The leading Russian social network, Vkontakte.ru, which has more than 25 million registered users and 7 million daily users, is going to launch its own contextual advertising service in summer 2009, reported [...]
The Otto Group, the world’s largest mail order business group and second largest in B2C e-commerce, has acquired 90 percent in Na Dom (На Дом), a leading Russian mail order household and self-care business with three business-units “Home”, “Health & Beauty”, and “MeggyMall“, with annual turnover of EUR 94 million, as well as in the [...]
I have recently suggested that some wealthy people from Russia were going to save major print media in Europe from closings. Today, the Russian billionaire Alexander Lebedev acquired 75 percent in Evening Standard, the most popular evening newspaper in London, from Daily Mail & General Trust (DMGT) for a nominal sum of GBP 1, reported [...]
What do you do when a bulk of your revenues comes from display (banner) advertising and you expect an upcoming economic crisis may eat it up? You invest free cash to diversify revenues. This is what Mail.ru, Russia’s 3rd largest Internet company in terms of revenues, has done. First, it released its own search engine [...]
Here is a fantastic view of downtown Lisbon and the Tejo river from the Castelo de S?o Jorge (Castle of St George). The picture was made by my lovely girlfriend on January 7, the Russian Orthodox Christmas.
The commercial court of Lille has given a permission to Sablon International, part of Luxadvor holding of Russian oligarch Sergey Pugachev, to increase its stake in French newspaper France Soir from 19.9 percent to 85 percent, according to Nord Eclair. The newspaper has circulation of 23 thousand. It made estimated losses of EUR 6 million [...]
One of the leading Russian IT holding groups, IBS Group is in talks with private equity funds to sell a minority stake in software outsourcing service company Luxoft, reported business newspaper Vedomosti. The company seeks to raise between $20 million and $30 million from sale of the stake. The proceeds will be used to repay [...]
From now on, you can leave comments on Blog.Kremlin.ru, a video blog of Dmitry Medvedev, President of Russia.
Rambler to Look for New CEO Rambler Media, which operates one of the leading Russian online portals Rambler.ru, is reportedly looking for new CEO. That would mean that Mark Opzoomer, that was appointed CEO of Rambler in March 2007, is not going to extend his contract with the company in March 2009. Rambler Media’s market [...]