Reuters: Technology News: Yandex buys Russian movie review site

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Yandex buys Russian movie review site Oct 15th 2013, 08:23 Tweet Share this Email Print Reprints The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. Credit: Reuters/Maxim Shemetov MOSCOW | Tue Oct 15, 2013 4:03am EDT MOSCOW (Reuters) - Russian internet group Yandex said on Tuesday it had acquired KinoPoisk, the largest Russian-language website dedicated to movies, in a move to further enhance its search. Search services are the essence of Yandex, which in Russia leads the world's top search engine Google with a market share of more than 60 percent and derives the bulk of its revenues from text-based advertising. Yandex said in a statement that it would integrate the team behind KinoPoisk, while the service will remain available at its current domain, kinopoisk.ru. Financial terms were not disclosed. KinoPoisk, previously owned by founders Vitaliy Tatsiy and Dmitry Sukhanov as well as France's Allocine, has a monthly audience of 18.6 million users, Yandex said citing comScore Media Metrix. It contains more than 100 million movie ratings with 3 million new ones being generated every month. Yandex's interest was earlier reported by Itar-Tass news agency, which said this month the deal was worth "tens of millions of dollars". Yandex declined to comment. (Reporting by Maria Kiselyova; Editing by Douglas Busvine) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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