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Submission + - Google to buy a Russian bank and issue credit cards? (businessweek.com)

An anonymous reader writes: Tinkoff Credit Systems' founder and chairman, Oleg Tinkov told reporters that he is evaluating selling his Russian bank that specializes in credit cards to Google. Tinkov has previously stated that his bank is worth about 12-15 times net income (2012 estimated to be $120 million US dollars) that would put the acquisition price at about $1.5 to $1.8 billion US dollars. It would be the third or fourth largest acquisition for Google (Motorola Mobility for $12.5 billion, Double Click for $3.1 billion, Youtube for $1.65 billion). It would also be the largest acquisition by Google for a non-US based asset.
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Google to buy a Russian bank and issue credit cards?

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