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Russian Regulators Block Google Online Advertising Acquisition

Posted by timothy on from the lots-of-money-to-be-cadged-yet dept.

An anonymous reader writes "Russian regulators will not let Google buy a local online advertising company, halting a $140 million deal agreed to in July. Google had planned to acquire Zao Begun, which has a search and contextual video and text advertising business. Begun is owned by Rambler Media, a Russian company that own various Web sites and runs a search engine. Google said it is reviewing the decision of Russia's Federal Antimonopoly Service (FAS) and hasn't decided how to react. Slashdot has previously covered some of the issues surrounding Google's muscle in the advertising market."

3 of 120 comments (clear)

  1. Google made a major mistake by Anonymous Coward · · Score: 2, Funny

    They forgot to bribe the Russian mafia.

    1. Re:Google made a major mistake by ub3r+n3u7r4l1st · · Score: 4, Funny

      More like the government instead of the Mafia. China is the same too.

      --
      New Economic Perspectives
  2. In Soviet Russia by Iamthecheese · · Score: 5, Funny

    Ads block you!

    --
    If video games influenced behavior the Pac Man generation would be eating pills and running away from their problems.