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Tuesday, October 15, 2013
Yandex Buys Movie Review Site

Russian internet group Yandex said on Tuesday it had acquired KinoPoisk, a Russian website dedicated to movies.

Yandex in Russia leads the world's top search engine Google with a market share of more than 60 percent and derives the bulk of its revenues from text-based advertising.

Yandex said in a statement that it would integrate the team behind KinoPoisk, while the service will remain available at its current domain,

Financial terms were not disclosed.

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