In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link
Read More »Yandex signs deal with VK to sell its media products
In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link
Read More »Russia’s Yandex plunges to Q1 loss, may look at new listing
People walk near the headquarters of Yandex company in Moscow May 23, 2011. The sign reads “Yandex”. REUTERS/Sergei Karpukhin Register now for FREE unlimited access to Reuters.com Register April 27 (Reuters) – Russian internet group Yandex (YNDX.O) plunged to a first-quarter loss and acknowledged on Wednesday that problems started appearing after Moscow sent troops into Ukraine on Feb. 24. The company, whose Nasdaq-listed shares were suspended in February and warned last month it did not have… Source link
Read More »Russia’s Yandex says it has no plans to split up the company | WTVB | 1590 AM · 95.5 FM
Russia’s Yandex says it has no plans to split up the company | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County … Source link
Read More »Russia’s Yandex says it has no plans to split up the company
The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – Russian internet giant Yandex (YNDX.O) on Tuesday said it has no plans to split the company up, responding to a media report that had said it was looking to divide into a Russian and international division. The Meduza media outlet on Tuesday reported, citing… Source link
Read More »India Russia News: Russian consumer companies turn to India as western brands pull the plug
Russia’s e-commerce platforms Ozon and Yandex Market, food supplements firm Pharmstandard, dental products distributor Simkodent, largest food retailer X5 Retail Group and confectionery major UNICONF are among several Russian companies that have reached out to India for business ties amid Moscow’s conflict with Kyiv. Due to the conflict and the sanctions on Russia, many European and American brands have stopped supplying their goods including consumer electronics, and apparel to that… Source link
Read More »Kyiv Readies for Top U.S. Official Visit, Odesa Attack Kills 8
Kyiv prepared on Saturday for its first wartime visit from two top U.S. officials, as Ukraine accused Russia of killing six people in a strike on Odessa that all but buried hopes of a truce for Orthodox Easter. The Sunday visit by Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will come at a symbolic moment — on the day the war enters its third month — and with fierce battles continuing in the country’s east. It… Source link
Read More »Yandex scales back “many planned investments,” withdraws 2022 financial guidance
In the instable environment created by Russia’s war on Ukraine, Yandex’s annual report to the US Security Exchange Commission (SEC) provides details on a range of pressing business issues and potential company risks. The report was issued Thursday by Yandex’s Netherlands-headquartered mother company, which has been listed on the Nasdaq since 2011. After the resignation of one of its top executive in March — Tigran Khudaverdyan, who was designated under EU and UK… Source link
Read More »Russia’s Yandex withdraws 2022 financial guidance, scales back investments
The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Russian internet giant Yandex (YNDX.O) on Thursday withdrew its 2022 financial forecasts and said it was scaling back planned investments, one of several Russian companies grappling with Moscow’s increasing isolation in the wake of the conflict in Ukraine. Just… Source link
Read More »Trade and Tech Council 2.0 — Google vs. Yandex — Crypto warning – POLITICO
Press play to listen to this article POLITICO’s weekly transatlantic tech newsletter for global technology elites and political influencers. By MARK SCOTT Send tips here | Subscribe for free | View in your browser WELCOME BACK, this is Digital Bridge. I’m Mark Scott, POLITICO’s chief technology correspondent, and I’ll be interviewing the European Commission’s Werner Stengg and the White House’s Peter Harrell later today about… Source link
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