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

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

About search

Check Also

Russia's Yandex reports Q1 revenue rise as market awaits spin-off news – Marketscreener.com

Russia's Yandex reports Q1 revenue rise as market awaits spin-off news – Marketscreener.com

[unable to retrieve full-text content]Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news  Marketscreener.com …

Leave a Reply

Your email address will not be published. Required fields are marked *