No Deal For Yandex Merger With Tinkoff Group

Russian search giant Yandex said in a statement on Friday (Oct. 16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart. 

“Yandex regrets to confirm that it has not been able to agree to definitive transaction terms with the core shareholders of Tinkoff, and accordingly that the parties have mutually agreed to terminate discussions regarding a possible offer by Yandex for 100% of the share capital of Tinkoff,” Yandex said in a


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