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Spectrum of a ring (studied by Krull?) of rational functions

Let $k$ be an algebraically closed field and $\mathbb A^2_k=\operatorname {Spec}k[x,y]$ the affine plane over $k$.
Consider the ring $R \subset k(x,y)$ of the rational functions on the plane defined and constant on $V(x)$ (the $y$-axis $x=0$).
What is $\operatorname {Spec}R$ ?
(This is the geometric translation of an example due, I think, to Krull for which I unfortunately have no reference.)

lefuneste
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