TCS Group announced on Friday that the sale of Tinkoff Bank to the tech giant Yandex has collapsed and the deal is now “terminated.” “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the potential transaction,” the company said, offering no further explanation. In a separate press release, Yandex confirmed that it is no longer buying Tinkoff Bank, saying that it failed to finalize terms with the bank’s main… Source link
Read More »Yandex is no longer buying Tinkoff Bank. The $5.4-billion mega deal collapsed due to a lack of ‘synergy.’ – Meduza
