Investment Firm Ru-Net Takes Majority Stake In Russian Advertiser IConText


Ru-Net, the Russian internet investment firm, has acquired a 51 percent stake in IConText, a Russian contextual ad firm, reports Vedomosti (via Quintura). The deal may be valued around $7 million. iConText lets companies place ads on the major search engines, like Yandex and Google (NSDQ: GOOG), and has estimated revenue of $4 million, according to Quintura.

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