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Rambler Media Buys Majority Stake in Price Express

Rambler Media, an integrated media company delivering internet, mobile and TB services to Russian speakers worldwide, announced that it has acquired 51 percent of Russian e-commerce internet company Price Express, which will be fully consolidated in Rambler Media's operating results, reports the AK&M Analytical Information Agency.

One of the first e-commerce companies to be launched (in 1997) in Russia, Price Express operates internet portals Price.ru, Domoteka.ru and Tyndex.ru, which provide price and product comparison tools.

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