Все новости от 25 апреля 2000 г.

ru-Net Holdings disclose details of Yandex acquisition

ru-Net Holdings has announced that it investing $5.28 million in Yandex in exchange for 35.72 percent in the project. Yandex, which has recently been turned into an independent company, will use the attracted money to develop new projects and to evolve into an Internet portal. According to Yandex general director Arcady Volozh, within the next several years his company does not intend to introduce paid services. Today, most of its revenue – about $40,000 a month – is derived from advertising on the www.yandex.ru site. By the year 2003, the company’s revenue is expected to reach about $10 million.