Yandex parent to review ownership of Russian tech giant, seek divestment

Yandex parent to review ownership of Russian tech giant, seek divestment

By Alexander Marrow, Darya Korsunskaya and Polina Devitt

MOSCOW -Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia.

Since Russia launched what it calls a “special military operation” in Ukraine in late February, Nasdaq-listed Yandex, often referred to as “Russia’s Google”, has grappled with domestic pressure on…


Source link

About search

Check Also

Insiders Sell, Yandex Plummets. Should You Worry? – AOL

Insiders Sell, Yandex Plummets. Should You Worry? – AOL

[unable to retrieve full-text content]Insiders Sell, Yandex Plummets. Should You Worry?  AOL Source link

Leave a Reply

Your email address will not be published. Required fields are marked *