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Yandex NV reached an agreement to sell its Russian business, including the nation’s most popular search engine, for about $5.2 billion, the highest-valued deal yet to exit Russia following the invasion of Ukraine. The divorce, which took more than a year to negotiate, opens the way for Yandex, which has been registered in the Netherlands since 2007, to develop some projects abroad after divesting Russian units that had generated most of its revenue. Yandex management will get the biggest… Source link

Yandex is set to be sold to a group of Russian investors. Yandex NV, the Dutch parent company of Yandex, announced today that it has reached a $5.21 billion deal to sell most of its Russian operations to a consortium led by investors with ties to Russian oil giant Lukoil. Under the terms of the deal, a new investment fund, Consortium.First, will acquire Yandex”s leading search, advertising, ride-hailing, and other services that generate over 95% of its… Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Old habits die hard, in investing and in life. Take for example an employee who has been doing the same thing for a decade, then gets a promotion in large part because of what they were doing the last decade. It’s evolve or die in this new role — risk clinging to the past and its myriad of practices, or embrace the future and crush it. The same could be applied to… Source link

Yandex NV has struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors, marking the biggest corporate exit from the country since Moscow invaded Ukraine almost two years ago. The Kremlin-engineered deal would see Russia’s largest technology player fall entirely under Russian ownership, including a fund ultimately owned by oil major Lukoil, and cement Yandex’s departure from Western tech circles. Once seen as one… Source link

By Alexander Marrow LONDON (Reuters) – A $5.2 billion cash and share deal to sell the key Russian assets of technology group Yandex, often labelled as “Russia’s Google”, to a consortium of Russian investors was announced on Monday after months of negotiations. Here’s why the deal is significant. RUSSIA’S LARGEST TECH ASSET Moscow has long sought to gain more influence over Yandex, set up in the dotcom boom in the late 1990s, as it became a key player in online services such as search and… Source link

When Diane Hirsh Theriault’s co-worker returned from lunch to Google’s Cambridge, Mass., office one afternoon in October, his work badge couldn’t open a turnstile. He quickly realized it was a sign that he had been laid off. Ms. Hirsh Theriault soon learned that most of her fellow Google News engineers in Cambridge had also lost their jobs. More than 40 people in the news division were cut, a company union said, though a number of them were later offered jobs elsewhere inside Google. Ms…. Source link

Tech giant Yandex announced Monday it has agreed to sell its Russian assets to a consortium of Russian investors for 475 billion rubles ($5.2 billion). The Amsterdam-based Yandex N.V. had been negotiating a restructuring after Western sanctions over Russia’s war in Ukraine forced Yandex to effectively split into two companies, with one based in Russia and the other in the Netherlands.  “Yandex N.V., the Dutch parent company of the Yandex group… has entered into a definitive… Source link

There’s a feature buried in Google Chrome‘s settings that you might not have heard of, but which could make your experience browsing the internet much faster and smoother. It’s called Extended preloading, and even if you have one of the best computers around, you still might want to turn it on. Preloading on Chrome is designed to make your web browsing experience as fast as it can be by essentially loading the webpages you visit before you visit them. To do this, Chrome uses cookies, which… Source link

[unable to retrieve full-text content]Yandex – aka Russia’s ‘Google’ – sold off at half price to Chinese investors  Yahoo! Voices Source link

[unable to retrieve full-text content]Yandex to sell its remaining Russian businesses for $5.2B — half its market value  TechCrunch Source link