Russian Internet Giant Yandex Acquiring Israeli Geolocation Startup KitLocate

No selling figure cited, but estimated to run into tens of millions of dollars.

Inbal Orpaz
Inbal Orpaz
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Inbal Orpaz
Inbal Orpaz

Yandex, a Russian Internet company that operates the country’s most popular search engine, said on Tuesday that it was acquiring Israel’s KitLocate and plans to turn the startup into the basis a research and development center for an undisclosed price.

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