Investment Firm Ru-Net Takes Majority Stake In Russian Advertiser IConText
By Joseph Weisenthal - Tue 01 Jul 2008 09:51 AM PST
Ru-Net, the Russian internet investment firm, has acquired a 51 percent stake in IConText, a Russian contextual ad firm, reports Vedomosti (via Quintura). The deal may be valued around $7 million. iConText lets companies place ads on the major search engines, like Yandex and Google (NSDQ: GOOG), and has estimated revenue of $4 million, according to Quintura.
Posted in: Advertising, Technologies/Formats, Search, VC+M&A, Venture Capital
