Russia’s Yandex and TCS terminate takeover talks for online bank Tinkoff

FILE PHOTO: 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 MOSCOW (Reuters) – Discussions over a $5.48 billion cash-and-shares sale of online bank Tinkoff to Russian internet giant Yandex have been terminated after they failed to agree transaction terms. Tinkoff’s parent company TCS Group Holding said on Friday that it had agreed with Yandex not to proceed with the transaction but… Source link

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Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks

By Alexander Marrow, Andrey Ostroukh MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash-and-share sale of online bank Tinkoff to internet giant Yandex ended. FILE PHOTO: 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 Discussions over the potential tie-up, which would have increased competition for Russia’s… Source link

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Google and WIMI Hologram are changing the Interactive experience of streaming media

HONG KONG, Oct. 16, 2020 (GLOBE NEWSWIRE) — 5G, also known as the fifth generation of mobile communication technology, is the latest generation of cellular mobile communication technology. Simply put, it is an extension of 4G, 3G, and 2G systems. As the latest generation of mobile communication technology, 5G features high data rates, reduced latency, energy savings, reduced costs, increased system capacity, and large-scale device connection. However, for ordinary consumers, the most… Source link

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Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks

TipRanks 3 ‘Strong Buy’ Stocks With at Least 6% Dividend Yield There’s so much going on in the markets, that it’s hard to know where to start and what to look for. On the red side of the ledger, it’s clear that the headwinds are gathering. House Democrats are still rejecting the $1.8 trillion coronavirus aid and stimulus package put forth by the White House, saying that President Trump’s proposal does not go far enough. The House Dems are pushing their own $2.2 trillion stimulus…. Source link

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Google expands S.F. office despite shift to working from home during pandemic

Despite closed offices and a hiring slowdown during the coronavirus pandemic, Google is still growing in San Francisco. It’s a small addition, picking up what would have been enough space for 300 employees in the days before social distancing protocols. But the Mountain View search giant’s move to expand its real estate holdings, already among the biggest in the Bay Area, comes as other tech companies … Source link

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Review: Chromecast with Google TV grows up, adds killer voice search

When Google first started selling its Chromecast device for streaming video on your TV, it was inexpensive and simple. Maybe a little too simple. Like other streaming devices, it plugged into an HDMI port on a TV. But this odd-looking dongle – which always reminded me of a flattened marshmallow – was missing something. It lacked an onscreen interface, instead relying on your smartphone to “cast” a video… Source link

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Yandex is no longer buying Tinkoff Bank. The $5.4-billion mega deal collapsed due to a lack of ‘synergy.’ – Meduza

TCS Group announced on Friday that the sale of Tinkoff Bank to the tech giant Yandex has collapsed and the deal is now “terminated.” “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the potential transaction,” the company said, offering no further explanation. In a separate press release, Yandex confirmed that it is no longer buying Tinkoff Bank, saying that it failed to finalize terms with the bank’s main… Source link

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Google is making US voting locations easier to find via search and its Assistant

Google is adding new election features to its voice assistant, Google Search, and Google Maps, to make it easier for US citizens to find voting locations ahead of the election next month. In Google Search, queries like “early voting locations” and “ballot drop boxes near me” will give details about where you can vote in person or return mail-in ballots, while asking the Google Assistant where to vote will “soon” provide relevant information on your phone, speaker, or smart… Source link

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Tinkoff Scraps $5.5Bln Deal With Yandex, Shares Plunge

The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped after the bank’s billionaire founder Oleg Tinkov walked away from the negotiations. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously… Source link

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