MY.GAMES, a subsidiary of Mail.Ru and one of Eastern Europe’s leading online entertainment brands, has announced its acquisition of Minsk, Belarus-based studio SWAG MASHA, which is behind popular mobile title Love Sick: Interactive Stories. With more than three million registered players around the world, the game was SWAG MASHA’s first ever released (last January). MY.GAMES […]
Editor’s note: This article from East-West Digital News penned by Adrien Henni was syndicated with permission. Tech investment volumes Russia and its Eastern European neighbors were modest last year, if compared with the Chinese, US or Western European markets. However, the year was marked by giant corporate deals involving international players while a series of […]
Russian tech giant Mail.ru has acquired e-sports company ESforce for $100 million. The all-cash deal will see Mail.ru purchase 100% of the Moscow-based company and has been approved by company directors. ESforce has 116 million users as of 2017 – mostly in Russia and Eastern Europe – with its revenues for the year expected to […]
Mail.ru has acquired Russian food delivery startup ZakaZaka in an all-cash deal that values the company at $20 million. Mail.ru bought a 90.09% stake valued at $18 million. The Russia internet giant had previously invested in the startup, owning 9.91%. The St. Petersburg-based ZakaZaka is described as the number two food delivery service in the […]
Russian mobile carrier Megafon is acquiring a majority stake of 63.8% in Mail.ru for £602.21 million. Megafon will purchase the stake from shareholder Alisher Usmanov. The deal awaits approval from other shareholders and regulators but is expected to close in Q1 2017. Mail.ru will continue to operate on its own listing. Mail.ru, which was founded […]
Mail.ru has been investing heavily in ICQ since acquiring it from AOL in 2010. Now it’s one of the most feature-rich messenger apps on the market. But is that enough to lure back the 89 million users it has lost since its peak in 2001?
Mail.Ru has acquired Russian food delivery business Delivery Club from Berlin’s foodpanda for $100 million in cash. According to foodpanda, its Russian business accounted for about 10% of its global revenue but did not provide any specific reason for the sale other than the return. foodpanda, which originally acquired Delivery Club in 2014, said it […]