Google refused to purchase Begun

October 24, 2008, 1:10 pm

google refused to purchase begun 
google refused to purchase begun   Announced in July this year transaction for the acquisition by Google contextual advertising service Begun and its subsidiaries did not take place. Remember that Google was going to buy shares Begun at Rambler Media for 140 million dollars. It was anticipated that the transaction will be completed in the third quarter of this year.
However, the transaction has prevented the Federal Antimonopoly Service (FAS Russia). According to information that appeared yesterday on the official website of the organization, FAS Russia has decided to reject the application for the acquisition of 100% of the voting shares of ZAO Begun, in accordance with paragraph 5 of Part 2 of Article 33 of Law on the Protection of Competition.


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