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Russia’s Yandex Opens Silicon Valley Lab, Led By Yahoo Search Chief

Jun 19, 2008 11:14 PM

Vish Makhijani, the SVP and GM of Search at Yahoo (NSDQ: YHOO) is joining Yandex, the number-one Russian search site, as the CEO of Yandex Labs, a new Silicon Valley research facility, our sources say. This new facility in Silicon Valley will be a small one to begin with, with…

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Posted In: Search, Technologies / Formats, Countries, Europe, Russia, russia, vish makhijani, yandex

Fortcom Takes 70 Percent Stake In Polish Social Net Nasca-Klasa

Jun 11, 2008 1:24 PM

Forticom, an Estonian company that runs major Lithuanian social net One.lT, has acquired a 70 percent stake in Russian Nasca-Klasa, for $90 million (PLN 200 million), reports Warsaw Business Journal, with some help on deciphering from Quintura. Forticom also owns major stakes in two leading Russian social nets: Odnoklassniki.ru and…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Countries, Europe, Russia, estonia, fortcom, nasca-klasa, russia

Aegis Buys Digital Marketing Group In Fast-Growing Russia

Jun 5, 2008 2:19 AM

Marketing and comms group Aegis’ digital agency Isobar is buying Russia’s 76-employee AdWatch, which does online ad buying, planning and digital PR for clients like Microsoft (NSDQ: MSFT) and Canon. FT says the buy gives Isboar 23 percent of a Russian market that will see $351 million digital ad spent…

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Posted In: Advertising, Marketing, Money, M&A & Venture Capital, Mergers & Acquisitions, Countries, Europe, Russia, adwatch, aegis, isobar, russia

LiveJournal Ups Developer Focus From Russia; Mood: Hopeful

Apr 18, 2008 3:29 AM

Veteran blog host LiveJournal has joined the wave of social media sites trying to win larger audiences by opening a formal developer effort. Launched last night, LJ Labs will usher in APIs and support for Google’s (NSDQ: GOOG) OpenSocial application platform and, I’m told, includes some of the first products…

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Posted In: Social Media, Weblogs, Companies, Sup, Countries, Europe, Russia, livejournal, russia

Fon Raises $9.5 Million For Russia Launch, Making Big Losses

Apr 11, 2008 10:48 AM

WiFi-sharing community Fon has raised a $9.5 million third round of funding to take the service to Russia and upgrade its product offering. Spain-based Fon, launched in February 2006, lets some 170,000 worldwide participants share each others WiFi connections. BT (NYSE: BT) took an undisclosed stake in the company last…

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Posted In: Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, Companies, Google, Countries, Europe, Spain, Russia, digital garage, fon, martin varsavsky, russia

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