Yandex, the big search and portal service in Russia, has bought out local business social network MoiKrug.ru. This story says the deal is around $1.5 million. Yandex will integrate the service into existing services and vice versa.
Yandex’s recent acquisition is the company’s first serious deal not connected with internet search. More details in release.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post