Jul. 17, 2015, 2:13 PM
Mar. 18, 2014, 12:40 PM
- Yandex (YNDX +7.5%) has acquired KitLocate, an Israeli developer of geolocation, location geo-fencing, and motion detection tech that can be used by mobile apps needing precise data about a user's position and movements. Terms are undisclosed.
- Yandex argues KitLocate's solution, which relies on statistical analysis, can improve battery life by lowering a phone's dependence on power-draining GPS/GLONASS receivers. The company plans to integrate KitLocate's offerings with its mobile apps/services, and sees localized search results and targeted ads as two potential applications.
- Yandex is headlining a buy-on-the-news rally among tech stocks with strong Russian/Ukranian exposure, as Vladimir Putin signs a treaty annexing Crimea to Russia. Other gainers: QIWI +7.1%. EPAM +4.9%. LXFT +4%. MBT +3.3%.
Apr. 2, 2013, 2:19 PM
Russian carriers Vimpelcom (VIP +3.3%) and MTS (MBT +0.6%) remain committed to bidding for buying rival Tele2 Russia, even though Tele2 Russia's parent company has effectively dismissed their $4B-$4.25B offer. Sweden-based Tele2 says it was aware of all options before agreeing to sell ts Russian ops to state bank VTB for $3.5B in a deal that gives it rights (for 12 months) to half of any profits VTB gets from a resale.| Apr. 2, 2013, 2:19 PM
Mar. 28, 2013, 1:56 PM
Russian mobile carriers VimpelCom (VIP +0.2%) and Mobile TeleSystems (MBT +0.3%) are prepared to offer $4B-$4.25B for rival Tele2 Russia, Bloomberg reports. Though Sweden-based Tele2 has already agreed to sell its Russian ops to local bank VTB for $2.4B + assumed debt, there have been reports of third-party interest. Billionaire Mikhail Fridman's Alfa Group might also join the fray.| Mar. 28, 2013, 1:56 PM