The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped after the bank’s billionaire founder Oleg Tinkov walked away from the negotiations. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously… Source link
Read More »Tinkoff Scraps $5.5Bln Deal With Yandex, Shares Plunge
