Russian Portal Yandex Acquires Social Networking Service MoiKrug

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.