(Reuters) – A Russian consortium leading a buyout of Yandex, often dubbed Russia’s Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal. Yandex is being bought by a consortium made up of senior Yandex Russian management, a […]
EU countries agreed to remove Arkady Volozh, co-founder of Russia’s most popular search engine Yandex, from the list of sanctions against entities and individuals associated with Russia’s war against Ukraine, Reuters reported on Feb. 21, citing three unnamed sources familiar with the discussions. The EU sanctioned Volozh in June 2022, arguing that his company serves […]
FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. The […]
The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over five billion dollars (£3.9 billion) to its Russia-based managers and oil company Lukoil. It is one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. […]
Yandex, often described as Russia’s Google, has sold its domestic businesses at a knock-down price. Bloomberg reports the search and services giant, now headquartered in the Netherlands, has handed off its Russian operations for 475 billion rubles ($5.2 billion) in cash and shares. The new owners include the management group, as well as Russia’s biggest […]
By Alexander Marrow, Darya Korsunskaya and Polina Devitt LONDON (Reuters) -Nasdaq-listed technology company Yandex NV on Monday said it had agreed a 475-billion-rouble ($5.21 billion) cash and shares deal to sell its Russian assets to a consortium of Russian investors, including a fund ultimately owned by oil major Lukoil. Often referred to as “Russia’s Google”, […]