Friday, July 18, 2008

Google buying Russian Search Site

Rambler Media announced this morning that the controlling interest in Russian search engine Begun is being acquired by Google.

Rambler will hold the remaining 49%.

Google's majority interest is being acquired for $140 million (US) and remains subject to regulatory approvals.

Rambler operates numerous Russian websites and services including Rambler, Lenta, Index20, and Ferra.

The announcement (PDF) can be found here.