Yandex uses iDeals™ in its acquisition of Auto.Ru for $175M
June 16, 2014
Yandex, a Russian search engine company, recently announced it has acquired Auto.ru, an online auto classifieds company, for $175 million. During the acquisition process all parties involved in the deal used the iDeals™ Virtual Data Room platform for the secure exchange of deal-related documents.
Yandex acquired Auto.ru's catalogue which includes more than 400,000 listings for all types of new and used motor vehicles. The listings are placed by both auto dealers and private individuals. Auto.ru also has listings for tires and spare parts and offers users' reviews, news and forums.
Yandex has more than 60% of the Internet search traffic market in Russia, which is more than twice that of Google. Often referred to as the “Google of Russia,” Yandex is the largest Russian Internet company based on revenue, which was $1.2 billion in 2013. Yandex generates most of its revenue from contextual display ads. 
According to Yandex, the acquisition of Auto.ru will enable it to provide more comprehensive answers to users' questions and expand its capabilities in auto classifieds.
VTB Capital was Yandex’s financial adviser for the purchase, according to a company statement about the deal. 
iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.
For further information, visit the iDeals™ Solutions website (www.idealscorp.com) or contact the nearest office in your region:
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