FAS approves Yandex auto website acquisition

Yandex auto website acquisition: Russia’s Federal Antimonopoly Service (FAS) has given Yandex search engine’s Dutch parent company Yandex NV the all clear to go ahead with the purchase of the Internet portal Auto.ru in a deal which is said to be worth in the region of $175m. Auto.ru was established in 1996 and today is Russia’s largest database and on-line classified advertising service dedicated to the sale of cars and other vehicles. bfm