Internet Retail | Moscow, Russia | Corporate Acquisition
Mail.Ru has acquired the auto-classifieds website Am.ru in an all-cash deal worth $10 million. The Russian internet giant will integrate the business into its Youla app. The announcement comes just a day after Mail.Ru acquired food delivery company ZakaZaka for $18 million. Mail.Ru also announced the creation of a $100 million games investment division late last month.