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…
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