Breaking: Google buy Russian Ad Agency Begun from Rambler Media – The Global Growth Plan July 18, 2008Posted by John in Technology.
Tags: Begun, google, Rambler Media
Update: Google is timing a blog post around their international plans. Plans to expand to 40 languages. The international growth is very real for Google both on the ad side and the search side. Connecting the dots makes you wonder about how strong the long term prospect are for Google. I’m bullish on the growth plan.
Breaking right now is that Google is buying the Russian Ad Agency. What this means is growth internationally. While some nickle dime the Google financials, Google is rolling. Buying Begun begins their international growth plan. Expect higher revenue growth from Google with this move. As ICANN is in shambles Google has a global opportunity.
Rambler Media (RMG.L: Quote, Profile, Research), the British-registered owner of Russia’s Rambler Internet portal, said on Friday it has agreed to sell the Begun advertising agency to Google Inc (GOOG.O: Quote, Profile, Research) for $140 million.
Rambler, which currently owns 50.1 percent of Begun, said in a statment it would first buy the remaining 49.9 percent stake from Bannatyne Limited and then sell the entire firm to Google.