Last Firiday Russian Rambler Media company and Google agreed to acquire, ZAO Begun. The Russian Ad company will be able to use Google's technology for search and advertisements and Rambler will use Google's AdSense for Search and AdSense for Content programs.
According to CNET news ‘Rambler currently owns 50.1 percent of Begun, but will buy the remaining 49.9 percent from Bannatyne and then sell the entirety to Google for $140 million in cash, the company said Friday. Of that total, $69.9 million will go to Bannatyne, the company said. Rambler expects to end up with about $50 million from the deal, which it will use for investments and potential acquisitions’. "This agreement illustrates our commitment to investing in Russia, where online advertising is currently experiencing rapid growth," Mohammad Gawdat, Google's managing director for emerging markets, said in a statement. "We are very excited about the opportunity to deliver more relevant search and ads to users and provide advertisers and publishers with better advertising technology to help them succeed in their own businesses."
According to CNET news ‘Rambler currently owns 50.1 percent of Begun, but will buy the remaining 49.9 percent from Bannatyne and then sell the entirety to Google for $140 million in cash, the company said Friday. Of that total, $69.9 million will go to Bannatyne, the company said. Rambler expects to end up with about $50 million from the deal, which it will use for investments and potential acquisitions’. "This agreement illustrates our commitment to investing in Russia, where online advertising is currently experiencing rapid growth," Mohammad Gawdat, Google's managing director for emerging markets, said in a statement. "We are very excited about the opportunity to deliver more relevant search and ads to users and provide advertisers and publishers with better advertising technology to help them succeed in their own businesses."
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