Russia thwarts Google acquisition

31 Oct 2008

Google's planned acquisition of Russian online advertising company ZAO Begun has been blocked by the country's federal anti-monopoly service authority (FAS).

Google wanted to pay $140 million USD for the company, owned by Russian Internet portal Rambler. The deal was announced in July this year. FAS said the deal was blocked because Google did not provide them with enough information to



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Linda Karlsson

Linda Karlsson joined the AIM Group in 2008 as a writer / analyst for the European market. She has a background in politics, IT and public relations. Since 2008, her focus has been on freelance writing and translating. She is a Swedish journalist and PR consultant with a master’s degree of political science at the University of Uppsala. In 2001, she chose Germany to become her place of residence and work. Based in Munich, she covers the classified markets of Scandinavia for Classified Intelligence Report.