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Google To Acquire Russian Context Ads Service Begun
Combination Will Create New Opportunities for Russian Users, Publishers and Advertisers
MOUNTAIN VIEW, Calif. (July 18, 2008) - Google (NASDAQ: GOOG) announced today that it has signed an agreement with Rambler Media to acquire ZAO Begun ("Begun"), a leading Russian context advertising service, for $140 million, subject to customary adjustments. This agreement emphasizes Google's commitment to improving the service it offers users, partners and advertisers in Russia, where digital advertising is currently experiencing rapid growth.
The acquisition of Begun will give advertisers access to a broader network of sites to advertise on, and publishers will benefit from a wider set of adverts to run on their sites. Users will see more relevant advertising across a much wider set of websites. Google will bring its advertising expertise and experience to Begun's network of websites.
For more details:
http://www.google.com/intl/en/press/pressrel/20080718_begun.html
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