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November 28, 2011 03:03 pm GMT
Last week, Yandex, one of biggest search and advertising companies in Russia, announced that it would be teaming up with Microsoft, Nokia, HTC and Samsung to become the default search engine on both new and upcoming Windows Phones in Russia. This followed the news last month that Yandex is also set to become the search provider for bada-powered smartphones in Russia and the CIS. It's been a good last few months for Yandex, as Robin pointed out last week, the company has steadily grown its share of the Russian search market to a point where it now owns 62.7 percent of the market in Q3 2011 -- ahead of Google.Today, the Russian search giant has announced another strategic move in its mobile strategy, as it has acquired SPB Software, a developer of mobile software that makes its home in Russia, Taiwan, and Thailand. As for the price, sources close to the deal say that it was set at approximately $38 million.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TEaf6fcfNPA/
Russian Search Giant Yandex Acquires Mobile Software Developer SPB For $38 Million
Last week, Yandex, one of biggest search and advertising companies in Russia, announced that it would be teaming up with Microsoft, Nokia, HTC and Samsung to become the default search engine on both new and upcoming Windows Phones in Russia. This followed the news last month that Yandex is also set to become the search provider for bada-powered smartphones in Russia and the CIS. It's been a good last few months for Yandex, as Robin pointed out last week, the company has steadily grown its share of the Russian search market to a point where it now owns 62.7 percent of the market in Q3 2011 -- ahead of Google.Today, the Russian search giant has announced another strategic move in its mobile strategy, as it has acquired SPB Software, a developer of mobile software that makes its home in Russia, Taiwan, and Thailand. As for the price, sources close to the deal say that it was set at approximately $38 million.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TEaf6fcfNPA/
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