GazProm Media Completes $15 Million Acquisition RuTube, The YouTube Of Russia

Russia’s media conglomerate, Gazprom Media, is now the proud owner of video-sharing site RuTube. This deal has been in the works since at least June, 2007 and is believed to be in the $15 million range.

RuTube is the YouTube of Russia. Or, rather, it wants to be. According to comScore, YouTube is actually the YouTube of Russia. In September, RuTube attracted 2 million unique visitors in Russia, versus 2.9 million Russian uniques for YouTube. RuTibe is seeing some nice growth, though. It has doubled its audience since June. (All caveats about comScore estimates apply here. Their numbers for Russia should be looked at as indicative of the trend rather than as absolutes).

Source: http://www.techcrunch.com/2008/11/19/gazprom-media-completes-15-million-acquisition-rutube-the-youtube-of-russia/