Google announced that it has signed an agreement with Rambler Media to acquire ZAO Begun (“Begun”), a leading Russian context advertising service, for $140 million, subject to customary adjustments. This agreement emphasizes Google's commitment to improving the service it offers users, partners and advertisers in Russia, where digital advertising is currently experiencing rapid growth.

“Begun is an excellent business which can fully develop its potential under Google's ownership,” said Mark Opzoomer, Chief Executive Officer of Rambler Media. “Google has the technological and financial capacity to improve Begun's established advertising service in Russia.”

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