Russia Revises Yandex Partition Terms Over Founder’s Anti-War Stance – Reports

Russia Revises Yandex Partition Terms Over Founder’s Anti-War Stance – Reports

The Russian government has lowered the payout offered in the restructuring of tech giant Yandex following anti-war statements made by the company’s co-founder, Russian media reported Friday. 

Sanctions over Russia’s war in Ukraine have forced Yandex, once the crown jewel of Russia’s tech sector, to split into two new companies, with one overseeing its operations in Russia and a second Amsterdam-based firm that will focus on new technologies for the international market.

The…


Source link

About search

Check Also

Yandex NV to delist from Moscow Exchange – Telecompaper EN

Yandex NV to delist from Moscow Exchange – Telecompaper EN

[unable to retrieve full-text content]Yandex NV to delist from Moscow Exchange  Telecompaper EN Source link

Leave a Reply

Your email address will not be published.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