TechCrunch Europe is reporting that OZON (the Russia equivalent of Amazon) is buying Sapato.ru (the Russian equivalent of Zappos). While financial terms of the deal were not disclosed, the move does give OZON a competitive advantage, much like Amazon was given when they purchased Zappos. Now we need the Russian Tony Hseih to take his money and turn the Russian Las Vegas into the the next Russian Silicon Valley.

[Source: TechCrunch Europe]