SearchEngines.ru reports that Yandex has just signed a deal with Bing (Microsoft) to add them to their contexual network. That means Yandex Direct adverts will now be shown on the Bing network in Russia. Microsoft has not done so well in Russia to date with their MSN brand but Bing has been quietly picking up [...]

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According to the Moscow Times, Microsoft will be investing 10 billion rubles ($300m USD) in Russia over the next three years. The announcement was made on Monday by Microsoft CEO Steve Ballmer at a press conference in Moscow. Aside from expanding the company’s investment into software for students and startups they will also invest in [...]

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