Russians Take Controlling Interest In Ukranian Web Portal Meta

Two Russian investment groups have acquired a 63.3 percent stake in Ukranian web portal Meta, in a deal believed to be worth around $3 million. Russian Funds Investment Group and Digital Sky Technologies, an internet fund, contributed equally in the general-purpose service, which operates search, news, email and other features and reached 1.5 million users last year, according to the Kiyv Post. They will now invest a further $1 million toward improving the search functionality sufficiently to compete with Ukranian versions of Google and Russia’s Yandex, the Post says.