This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Old habits die hard, in investing and in life. Take for example an employee who has been doing the same thing for a decade, then gets a promotion in large part because of what they were doing the last decade. It’s evolve or die in this new role — risk clinging to the past and its myriad of practices, or embrace the future and crush it. The same could be applied to… Source link

Yandex NV has struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors, marking the biggest corporate exit from the country since Moscow invaded Ukraine almost two years ago. The Kremlin-engineered deal would see Russia’s largest technology player fall entirely under Russian ownership, including a fund ultimately owned by oil major Lukoil, and cement Yandex’s departure from Western tech circles. Once seen as one… Source link

By Alexander Marrow LONDON (Reuters) – A $5.2 billion cash and share deal to sell the key Russian assets of technology group Yandex, often labelled as “Russia’s Google”, to a consortium of Russian investors was announced on Monday after months of negotiations. Here’s why the deal is significant. RUSSIA’S LARGEST TECH ASSET Moscow has long sought to gain more influence over Yandex, set up in the dotcom boom in the late 1990s, as it became a key player in online services such as search and… Source link

When Diane Hirsh Theriault’s co-worker returned from lunch to Google’s Cambridge, Mass., office one afternoon in October, his work badge couldn’t open a turnstile. He quickly realized it was a sign that he had been laid off. Ms. Hirsh Theriault soon learned that most of her fellow Google News engineers in Cambridge had also lost their jobs. More than 40 people in the news division were cut, a company union said, though a number of them were later offered jobs elsewhere inside Google. Ms…. Source link

Tech giant Yandex announced Monday it has agreed to sell its Russian assets to a consortium of Russian investors for 475 billion rubles ($5.2 billion). The Amsterdam-based Yandex N.V. had been negotiating a restructuring after Western sanctions over Russia’s war in Ukraine forced Yandex to effectively split into two companies, with one based in Russia and the other in the Netherlands.  “Yandex N.V., the Dutch parent company of the Yandex group… has entered into a definitive… Source link

There’s a feature buried in Google Chrome‘s settings that you might not have heard of, but which could make your experience browsing the internet much faster and smoother. It’s called Extended preloading, and even if you have one of the best computers around, you still might want to turn it on. Preloading on Chrome is designed to make your web browsing experience as fast as it can be by essentially loading the webpages you visit before you visit them. To do this, Chrome uses cookies, which… Source link

[unable to retrieve full-text content]Yandex – aka Russia’s ‘Google’ – sold off at half price to Chinese investors  Yahoo! Voices Source link

[unable to retrieve full-text content]Yandex to sell its remaining Russian businesses for $5.2B — half its market value  TechCrunch Source link

By Mariko OiBusiness reporter Getty Images The owner of Yandex, often referred to as “Russia’s Google”, has said it will pull out of its country of origin. Its Dutch-based parent company sold the operation in Russia for 475 billion roubles ($5.2bn; £4.2bn), much lower than its estimated market value. The sale to a consortium of investors means Yandex’s Russian business is now a fully Russian-owned entity. The firm has previously been accused of hiding information about the war in Ukraine from… Source link

Image Credits: YURI KADOBNOV/AFP / Getty Images Yandex N.V., the Dutch parent company of the eponymous Russian internet giant, is selling the last of its remaining Russian businesses at a steep discount, following geopolitical pressures that emerged from Russia’s invasion of Ukraine two years ago. The value of the transaction, which will include the sale of all Yandex N.V. businesses in Russia and a handful of neighboring markets, will amount to around 475 billion rubles… Source link