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Archives for June 2009

MySpace po Russki to Close its Office in Russia

Files under: News
Posted by: Quintura @ 20:45 [23. 06. 09]

MySpace, which has announced restructuring its international operations, will close its Russian office on June 30, confirmed MySpace Russia’s Legal Director Andrei Mironov to Webplanet. MySpace opened the Russian office in Moscow in 2008. MySpace Russia operations is managed by CEO Alexander Turkot. The company lists 8 employees on its Russian web-page. According to TNS [...]

Mail.ru 2008 Revenues up 45% to $75 Million

Files under: News
Posted by: Quintura @ 14:00 [23. 06. 09]

The leading Russian online portal Mail.ru, which is owned by Digital Sky Technologies (DST) and Naspers, has announced 2008 financial results according to US GAAP. The company accounts were audited by Ernst & Young. Mail.ru 2008 revenues were $74.6 million, up 45% from 2007. The net income was $34.3 million in 2008, up 29% from [...]

Baring Vostok Capital Partners Could Acquire $100M Stake in 1C Company

Files under: Enterprise, News, Tech
Posted by: Quintura @ 12:44 [23. 06. 09]

After months of speculation, Yandex and Ozon.ru shareholder Baring Vostok Capital Partners (BVCP) has emerged as a potential investor in Russia’s largest software vendor 1C Company, reported business daily newspaper Kommersant. The private equity fund, which is now doing a due diligence of the company, could invest some $100 million in 1C Company, valuing it [...]

Book Publisher Eksmo Acquires Online Ebook Store LitRes

Files under: News
Posted by: Quintura @ 14:54 [22. 06. 09]

The leading book publisher in Russia, Eksmo has acquired the largest Russian online digital book store LitRes from Imhonet.ru recommendation service founder Alexander Dolgin, reported Webplanet by citing unnamed sources. Founded in 2007 as a result of a merger of several online digital book libraries, LitRes has more than 200 thousand registered users and 1 [...]

WomanJournal.ru Investor Direct Group Acquires Stake in KupiVIP.ru

Files under: News
Posted by: Quintura @ 13:23 [22. 06. 09]

Direct Group, which recently sold its Russian mail order business Na Dom to Otto Group of Germany, has invested an undisclosed amount in exchange for a minority stake in online shopping club KupiVIP.ru, according to KupiVIP.ru CEO Oskar Hartmann. KupiVIP.ru investor Nikolay Mitushin of ABRT Fund confirmed the investment. As part of the deal, Direct [...]

Russian Venture Company to Launch $65 Million Seed Fund

Files under: News
Posted by: Quintura @ 16:54 [18. 06. 09]

Russian Venture Company (RVK), which acts as a fund of funds and provided funding to 6 venture capital funds, is going to refine its strategy to more effectively support innovative technology startups in Russia. Igor Agamirzyan, General Director of RVK, announced at Moscow Venture Forum today that RVK will launch a “seed” fund of 2 [...]

Summer Tunes: Paul van Dyk – For an Angel

Files under: News
Posted by: Quintura @ 09:29 [18. 06. 09]

Russian Mobile Advertising Market to Reach $31 Million in 2009

Files under: News
Posted by: Quintura @ 09:11 [18. 06. 09]

According to PricewaterhouseCoopers, the Russian mobile advertising market reached $27 million in 2008, reported business newspaper Vedomosti. The market is expected to increase to $31 million in 2009. Most of mobile ad spending in Russia go to WAP sites and mobile marketing. Mobile internet advertising consist of spending on advertising delivered to mobile phones via [...]

Business FM and BFM.ru United Media Acquired by Novolipetsk Steel Chairman Lisin

Files under: News
Posted by: Quintura @ 12:38 [17. 06. 09]

Chairman and major owner of Novolipetsk Steel (NLMK), one of Russia’s largest steel producers, Vladimir Lisin agreed to acquire 100 percent interest in business media company United Media for $23.5 million from Arkadi Gaydamak and managers of the company, reported business newspaper Kommersant. Founded in 2007, United Media includes radio stations Business FM and Kino [...]

SimaPhone, an iPhone from Denis Simachev

Files under: News
Posted by: Quintura @ 11:08 [15. 06. 09]

Denis Simachev, one of the most well-known Russian fashion designers, is going to introduce his own design of iPhone. Called “SimaPhone“, the iPhone is decorated with Russian national elements of khohloma. The designer previously applied khohloma to Ducati motobikes and Porsche cars. From a brief concept of the DENIS SIMACHEV trademark: “We use questionable, ambiguous [...]

Mail.ru Shareholder Naspers to Acquire Polish Bankier.pl for $19 Million

Files under: News
Posted by: Quintura @ 23:19 [10. 06. 09]

Naspers‘ Polish subsidiary MIH Allegro said it has launched a public tender offer to acquire up to 100% of Warsaw-listed financial portal Bankier.pl, for a total value of $19.3 million. Bankier.pl, which is a top 3 Polish financial news portal with 1.9 million monthly unique visitors, provides information on financial news, analysis and comparison-shopping on [...]

Zed to Acquire Mobile Content Provider Temafon

Files under: News
Posted by: Quintura @ 01:09 [2. 06. 09]

Zed Group, a Madrid, Spain-headquartered mobile content provider, has acquired 50 percent plus 1 share in Temafon, a mobile content aggregation service and part of Tema mobile media holding, reported business newspaper Vedomosti. The deal could be valued at more than $5 million. Temafon is exclusive aggregation service provider of Russian-based mobile content to Russia’s [...]