After months of negotiation, a rare Russian compromise as Yandex changes hands

After months of negotiation, a rare Russian compromise as Yandex changes hands

By Alexander Marrow, Darya Korsunskaya and Polina Devitt

LONDON (Reuters) – Before Moscow’s invasion of Ukraine two years ago, Russia’s Nasdaq-listed search engine giant Yandex was briefly worth $30 billion. This week, a consortium of domestic investors agreed a deal to buy it for $5.2 billion.

In normal times, that would represent a disaster for Dutch parent company Yandex NV and its Western shareholders.

But in a world where Western firms have left Russia in droves, sometimes for a nominal…


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

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