In October 2013, the Company completed the acquisition of a 100% ownership interest in KinoPoisk LLC and its subsidiaries ("KinoPoisk"), operating a Russian-language website dedicated to movies, television programs and celebrities, for a cash consideration $80.0 million (RUR 2,577 at the exchange rate as of the acquisition date) paid in full upon closing of the deal, including $3.0 million (RUR 97) paid to escrow account. KinoPoisk is expected to give the Company additional opportunities for placing customers' advertising. The acquisition will be accounted for as a business combination and, accordingly, the total purchase price will be allocated to the tangible and intangible assets acquired and the liabilities assumed based on their respective fair values as of the acquisition date. The Company is currently working on the preliminary purchase price allocation and expects it to be completed by the end of 2013.
#яндекс #Кинопоиск #таций #суханов #лямы
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