Yandex
announces the purchase of one of the most popular Russian automobile portals Auto.ru - after the deal is closed, 100% of the shares of
Auto.ru will be transferred to Yandex. This is expected to occur in the third quarter of 2014.

The service was created in 1996 by a group of enthusiasts who organized the first Russian Internet community of motorists. The existing service team will continue to work on it. Acquiring Auto.ru is a good way to expand Yandex’s capabilities in answering user questions and helping them solve their actual problems.
Auto.ru is the most authoritative automatics resource. Users traditionally turn to him on any issue related to buying or owning a car, be it advice on operating or repairing, searching for spare parts, discussing new products from the automotive industry or buying or selling their vehicle. At the same time, Auto.ru has the most complete and up-to-date database of offers for the sale of cars, new and used, it is a recognized leader in the category of auto ads. The approximate amount of the transaction is $ 175 million. Yandex plans to further develop the portal, which will continue to work at the same address - auto.ru.
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Auto.ru has the largest database of cars and other vehicles in Russia. It includes about 400,000 ads of private individuals and car dealers who offer used and new cars, parts and accessories. On Auto.ru there is also a description of cars, reviews of owners, the latest news and forums.