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GazProm Media Buys RuTube For 15 Million

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Source: feeds.feedburner.com

GazProm-Media, a subsidiary of Russia’s largest company (and one of the largest companies in the world) GazProm, has completed the acquisition of Russia’s YouTube - RuTube - for $15 million.

According to TechCrunch, RuTube attracted 2 million unique visitors in Russia versus 2.9 million Russian uniques for YouTube in September. It is important to note that RuTube doubled it’s audience since June.

There is an extract of a press release announcing the acquisition translated into English at TechCrunch and it reads as ... READ MORE

Last changed: Nov 20 2008 at 11:40 AM
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