CTC Media acquires online video content provider CarambaTV

CTC Media, a major Russian media company, yesterday announced the acquisition of a majority stake in CarambaTV, a producer of digital and transmedia content. CTC Media acquired a 51% stake for 148 million rubles (approximately $2.2 million at the current exchange rate).

The transaction included the Carambatv.ru and +100500 websites, which together attract over 2 million unique visitors each month with humorous video content. CarambaTV’s videos generate over 75 million views per month, including 20 million views of online content, the company claims.

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