Google Buys Russian Ad Agency for $140 Million
Google is looking to extend its global ad reach with its purchase of a Russian ad agency. Rambler Media has sold Begun advertising agency to Google for $140 million. Begun serves up contextual ads. Rambler will also contract search technology from Google as part of the deal.
“Google is very committed to giving Russian users, advertisers and partners the best possible service and experience,” said Mohammad Gawdat, Managing Director Emerging Markets, Google. “This agreement will result in better search results and more relevant advertising for our Russian users and publishers.”
In 2006, Google opened a development center in Moscow, and tapped another Sergei, last name Burkov, to run the place. Burkov was the founder of Dulance, which Google acquired in the process of opening their Russian center.
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