ProCEEd #83 > Megafon acquires Mail.Ru Group, FC Dynamo enters e-sports, IDX raises €1.1M

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I hope those who celebrated Christmas last weekend had enjoyed it, and are now ready to catch up with tech news coming from Central and Eastern Europe.

The pace of things happening in the region has slowed down a bit, but there certainly have been stories to read and think about. Check out the news on Alisher Usmanov’s Megafon acquiring Alisher Usmanov’s Mail.Ru Group, a bunch of funding announcements, and some longer reads from all over CEE.

Enjoy reading and have a great week!


Russia and Belarus have launched a €22 million joint VC fund
that will start investing next year

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Russian mobile network Megafon to acquire
majority stake in Mail.ru
for $740 million

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Startups & Ecosystems

Funding Rounds and M&A

Bigger Companies

  • Crytek, the German gamedev company behind Far Cry and Crysis, has closed its offices in Hungary and Bulgaria, but not in Ukraine
  • Ukraine’s FC Dynamo has entered the e-sports by signing a contract with Vitaliy Mukha, a FIFA player

Governments and Policy

Long Reads


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