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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. It's not Zao Begun by Cyberax · · Score: 4, Informative

    Please, translate correctly. It's "Begun Inc."

    ZAO means "Zakrytoye Aktsionernoye Obschestvo" (Privatly Held Corporation) in Russian, it's not a part of the name.

  2. Google overseas by dj245 · · Score: 2, Informative

    Google has a fairly dominating position in the US, but other places it varies considerably. Most Japanese cell phones have a Yahoo! button on them (not a google button) and in China they use Baidu. I think the 4 different ways of writing in Japanese are probably not Google's strength.

    --
    Even those who arrange and design shrubberies are under considerable economic stress at this period in history.
  3. There is a name for this by Jane+Q.+Public · · Score: 2, Informative

    ... and you can look it up. It is called "fascism". Yes, that's right. What drove the Nazis. Do look it up.