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Image credit: Yandex Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, announces that it has entered into a binding agreement with Uber to restructure the ownership of their joint ventures, MLU B.V. (“MLU”) and Yandex Self-Driving B.V. (“SDG”). Under this agreement, for total consideration of $1.0 billion in cash, Yandex will receive: Uber’s 33.5% indirect interest in Yandex.Eats, Yandex.Lavka and… Source link

Jury selection begins today in the criminal case against Theranos founder Elizabeth Holmes, who’s accused of defrauding investors and patients through her once-hyped blood-testing startup. Prosecutors and lawyers for Holmes will have to narrow a pool of nearly 200 prospective jurors to 12 who will decide her fate in a case that could potentially land her in federal prison for years. The dozen jurors and five alternates will sit for a closely watched trial expected to last as long as four… Source link

BERLIN (AP) — Google said Tuesday that it is investing 1 billion euros ($1.2 billion) by 2030 to expand its cloud computing infrastructure in Germany and to increase the use of renewable energy. The internet giant said it plans to add new cloud computing centers in the Berlin region and in the town of Hanau, close to the DE-CIX data exchange in Frankfurt. Google said it would purchase more than 140 megawatts of electricity from the German subsidiary of French utility company Engie over the… Source link

Yandex Introduces SignalQ2 Driver Monitoring Camera for Its Ride-Hailing Partners and Other Fleets, Powered by Ambarella’s CVflow Edge AI Vision Soc We store cookies on your computer to improve your experience and provide more personalized services, both on this website and on other sites. For more information about the… Source link

Google is adding a new “Time insights” panel to Calendar on the web, showing users how much of their working week is spent in meetings. According to Google’s blog post, the feature is rolling out gradually over the next month on select plans. It was first announced back in March as part of a raft of new features coming to Google Workspace. Time Insights arrives a couple of years after both Google and Apple added similar breakdowns into Android and iOS respectively to show the amount… Source link

Let’s talk about the popular Yandex N.V. (NASDAQ:YNDX). The company’s shares saw its share price hover around a small range of US$66.66 to US$73.13 over the last few weeks. But is this actually reflective of the share value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Yandex’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. View our latest analysis… Source link

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their ride-hailing joint venture as part of a $1 billion deal. The restructuring of the MLU ride-hailing and car… Source link

Visitors look at Apple Inc. iPhones and iPads on display at the SK Telecom Co. T Factory flagship store in Seoul, South Korea, June 11, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea’s parliament has approved a bill that will make it the first country to impose curbs on Google and Apple’s payment policies that force developers to only use the tech giants’ proprietary billing systems. The legislation will become law once signed by President Moon Jae-in, whose party has been a vocal… Source link

After a number of delays, South Korea’s National Assembly today voted to approve the passage of its “Anti-Google law.” Nicknamed after the search giant but more wide-ranging, the law will prevent Google and Apple from forcing developers to use their in-app billing systems when building apps for their two market-dominating app stores . This is the first time globally that a government has intervened to prevent Google and Apple from imposing their own payment… Source link

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. Morgan Stanley analyst Luke Holbrook reiterated an Overweight rating and $90.00 price target on Yandex (NASDAQ: YNDX) after the company bolstered its stake in the Uber JVs with a $1bn deal, resulting in Yandex owning 100% of the SDG, Yandex.Eats, Lavka and Delivery, plus 4.5% of the MLU JV (ride-hailing). The analyst stated “We think the market will view a further option to… Source link