The Russian internet economy was in a rapid-growth stage in 2012. The internet advertising market grew more than 40% to $2 billion per year. Top 10 internet venture capital investments in Russia totaled $299 million last year. 2012 wasn’t a year of consolidations in Internet in Russia. Only a few mergers and acquisitions of internet companies were recorded. Here is a list of top internet M&A deals in Russia in 2012.
1. Yandex. Money
Last December, the largest Russian bank Sberbank acquired a 75% stake in the online money service company Yandex.Money for $60 million from Yandex. The seller agreed to hold a 25% stake in the company and have two sits at its Board of Directors.
The web money service Yandex.Money was launched by Yandex and PayCash in 2002.
Last October, the Russian online portal company Rambler Media bought out the remaining 49.9% stake in Begun for $15 million from Finam.
The Russian contextual advertising service Begun was launched in 2002.
Last summer, Mamba’s managing director purchased one of Russian search engine market pioneers’ Aport for few hundred thousand dollars from Vimpelcom. Aport was first launched as an online directory in 1997.
Last July, the German Saturn-Media Group acquired 003.ru, one of Russia’s leading online retailers of consumer electronics for an undisclosed amount from its founder.
Last February, the leading Russian online mall OZON.ru acquired online shoe store Sapato.ru. The selling shareholders of Sapato became shareholders of OZON. Sapato was launched in 2010.
Troika‘s venture capital fund has sold its stake in Evernote to Sequoia Capital. As a result, Troika generated more than $50 million or 10x cash it invested in Evernote.