Russian antitrust regulators have blocked Google's acquisition of ZAO Begun, an online advertising unit of Rambler Media.
The companies had agreed to the terms of the $140 million acquisition in July, but Russia's Federal Antimonopoly Service said "nyet." According to Svetlana Gladkova's translation of a Russian news report, the reason is that Google hadn't submitted complete information on employees in Russia, so the FAS couldn't evaluate the deal's consequences.
Google is evaluating its next move.
"We are very disappointed to hear that FAS has come to this decision. We strongly believe … Read more