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February 22, 2008
Rumor Mill: Google Sniffing The Ukraine's Bigmir)net
We discount this rumor, not due to the source or the logic but just because it seem like a convenient balloon to get people in the West to take notice of the Ukraine's igmir)net. Quintura's Yakov is passing on the rumor that Google may pay as much as $100M for the Ukrainian portal which boasts over over 2.5M unique monthly users. Yakov's rumor logic is that Google is still smarting over its decision not to pull the trigger on a potential buyout of Mail.ru.
A complication is that Bigmir)net is owned by the Ukrainian media group KP Media which floated on the Ukrainian stock exchange in July 2006. Its doubtful that Google or others would want to buy a public company in The Ukraine but on the other hand KP Media would surely part with Bigmir)net for the right price.
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Posted on February 22, 2008 06:05 AM | Posted to Media | Permalink
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