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Russian Deal Round-Up: Oktogo.ru, Hearst Shkulev Digital, Yandex

Files under: News
Posted by: admin @ 01:57 [17. 03. 13]

The group of venture capital firms VTB Capital, Mangrove Capital Partners, Ventech and Victor Sazhin Group has invested $11 million in Oktogo.ru, a leading hotel booking site in Russia. Founded in 2010, Oktogo.ru is headed by CEO Marina Kolesnik.  Focused on Russian travelers, Oktogo.ru offers more than 5,000 hotels in Russia and 250,000 hotels worldwide.

Two leading Russian region city portals NGS.ru in Novosibirsk and E1.ru in Yekaterinburg have been acquired by Hearst Shkulev Media. In 2012, HSM bought out PRM.ru in Perm, Samara24.ru in Samara and NN.ru in Nizhny Novgorod. The Russian regional city portals are now Regional Network of Hearst Shkulev Digital with a total monthly audience of 12 million.

The shareholders of Yandex (NASDAQ: YNDX), Russia’s leading search engine company, including CEO Arkady Volozh and CTO Ilya Segalovich agreed to sell a total of ca. 26.7 million shares (or ca. 8% shares in the company) at $22.75 per share through a secondary offering for a total of ca. $607 million. Morgan Stanley, Deutsche Bank and Goldman Sachs are joint bookrunners for the offering.

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