Russia’s Yandex and TCS terminate .48 billion Tinkoff talks

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

search October 16, 2020 Yandex News Leave a comment 56 Views

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…


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