In a move that strengthens its position in the Russian-speaking Internet market, Yandex has acquired Web analytics startup WebVisor at a cost of ca. $0.5 million. Yandex made the deal with the startup's owner, Visor Ltd., after WebVisor attended the Yandex.Start program. The program was initiated by Yandex last year as a means of giving promising technology startups the opportunity to join them.
Generally Accepted Accounting Principles (GAAP) are standard guidelines for financial accounting in a jurisdiction. While most countries have established their own accounting standards, many countries are converging towards International Financial Reporting Standards (IFRS), formerly known as International Accounting Standards (IAS). In Mergers & Acquisitions it is essential to understand the differences between financial statements prepared in accordance with GAAP and so-called pro forma financial statements.