Earlier today, mobile software developer SPB Software announced on its website that it had been acquired by Russian search engine giant Yandex. TechCrunch reports that the price of the acquisition was a cool $38 million.
Yandex is Russia's largest internet company, operating the country's most popular and the world's seventh largest search engine. In contrast, SPB Software is a leading mobile software developer, that has, since 1999, been making applications for mobile phones that enable subscribers to do more with their handsets and network connections.
Amongst other forays into mobile development, SPB is known for their highly rated "next generation user interface" SPB Shell 3D, created for the Android platform.