Innovation,both in terms of technology and business, is not going on only in Silicon Valley ;-).
"Begun", the company Google has bought made $200M on online advertising last year. So, technically Google has bought themselves the second place on Russian adv market. The first one is still being held by Yandex.
No, I think it's cool. My comment was just in contrast to the doom and gloom about rich foreigners and sovereign investment funds buying prominent US assets.