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• Russia's Federal Anti-Monopoly Service (FAS), and possibly Prime Minister Vladimir Putin himself, blocked a deal between Google and online ad service ZAO Begun. Begun, a subsidiary of Russian portal Rambler, would have improved Google's share of internet advertising in Russia, but a Russian news report claimed that Google had not provided enough information for the FAS to evaluate the deal's consequences.CNET: Russia thwarts Google acquisition of ad firm (October 23, 2008) A Rambler shareholder told a Russian newspaper that Prime Minister Putin did not want to see Google take over the Russian internet market.Silicon Alley Insider: Putin Kills Google Deal (October 23, 2008)

• Fast Facts

  1. Google was set to acquire ZAO Begun for $140 millionCNET: Russia thwarts Google acquisition of ad firm (October 23, 2008)
  2. FAS has not issued an official statement
  3. Begun offers text-based search and contextual advertising services
  4. Google intends to review the decision

• Related Pages on Mahalo

  Google | Russia | Vladimir Putin | Suicide Plot Against Putin | Putin Man of Year

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