Yandex and Tinkoff Group cancels merger plans (NASDAQ:YNDX)

Yandex N.V. (NASDAQ:YNDX) has not been able to agree definitive transaction terms with the core shareholders of Tinkoff, and therefore, the parties have agreed to terminate discussions regarding an offer for 100% of the share capital of Tinkoff. Shares down -2.5% premarket. Press release Previously: Yandex +3.7% on reported $5.5B deal for Tinkoff bank (Sept. 22) Source link

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Yandex and TCS Group terminate discussions on acquisition – Business & Economy

MOSCOW, October 16. /TASS/. The deal on the purchase of TCS Group – the parent company of Tinkoff Bank – by Russian Internet giant Yandex will not happen, since the parties could not come to an agreement, according to the Group’s statement said on the London Stock Exchange. “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the Potential Transaction. Negotiations between the parties with respect to the Potential… Source link

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Gerrard backs international football despite spike of Covid cases

Rangers manager Steven Gerrard remains supportive of playing international football despite a huge rise in players who will be unavailable for their clubs this weekend after contracting Covid-19 on international duty. Gerrard’s men travel to Celtic for the first Old Firm derby of the season on Saturday, but their cross-city rivals could be without four key players due to coronavirus restrictions. Odsonne Edouard, Nir Bitton and Hatem ElHamed all tested positive when away with their national… 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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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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Russia’s TCS Group says Tinkoff sale to Yandex now off

FILE PHOTO: The logo of Tinkoff Bank is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov MOSCOW (Reuters) – Russian bank TCS Group Holding TCSq.L on Friday said it had terminated discussions over a possible $5.48 billion sale of its online bank Tinkoff to internet giant Yandex YNDX.O. TCS said the two parties had agreed not to proceed with the cash-and-shares transaction and terminated negotiations immediately, adding… Source link

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Yandex and Tinkoff Group Terminate Discussions

TipRanks Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P 500 has moved 5.5% higher. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same… Source link

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Yandex and Tinkoff Group Terminate Discussions Nasdaq:YNDX

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8. OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). MOSCOW and AMSTERDAM, Oct. 16, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) (“Yandex,” “we” or the “Company”), one of… Source link

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Braves rookie Bryse Wilson steps up at Clayton Kershaw’s expense

After five-and-a-half innings, Atlanta Braves manager Brian Snitker left the top step of the dugout, walked past the coolers, past the buckets, past spray bottles and candy bars and binders thick with important information like how to shut down the Los Angeles Dodgers again. He arrived at Bryse Wilson, his 22-year-old starting pitcher who was seated on the bench having thrown 74 pitches and the game of his life. Snitker extended his hand. They hadn’t won yet, but they were getting around to… Source link

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Pixel 5 review: Google gets back to basics | Technology

The Pixel 5 is Google’s top smartphone for 2020. It comes with 5G and a simplified design that’s very similar to the excellent, cheaper Pixel 4a. It’s available in either black or green and costs £599, fitting in above the larger but cheaper £499 Pixel 4a 5G and the smaller £349 Pixel 4a. Google has ditched the hi-tech Soli radar system and face recognition from the Pixel 4 and gone back to basics for a much simpler design. It is all-screen on the front, with an aluminium body… Source link

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