Tag Archives: assets

Yandex parent company announces $5.2 billion deal to sell Russian assets — Meduza

Yandex parent company announces .2 billion deal to sell Russian assets — Meduza

After a year and a half of negotiations, Yandex founder Arkady Volozh and foreign shareholders have reached a deal to part ways with the company’s Russian assets. The Russian IT giant’s Netherlands-based parent company announced Monday that it will sell a large portion of its operations to a consortium of Russian investors before rebranding and continuing to develop its remaining international properties. The Russian investment fund making the purchase, called Consortium.First, includes… Source link

Read More »

Yandex Search Engine Assets For Sale 11/16/2023

Yandex Search Engine Assets For Sale 11/16/2023

Search engines face challenges as they look to protect assets during difficult economic times and the turmoil of war. Some smaller engines are either trying to sell off assets or partner with larger companies with strong technology they can capitalize on. Yandex’s Dutch holding company is considering selling its Russian … Source link

Read More »

Yandex to Fully Divest Russian Assets and Distribute Proceeds

Yandex to Fully Divest Russian Assets and Distribute Proceeds

Yandex NV plans to sell its entire Russian business, including the nation’s most popular search engine, after its founder’s criticism of the war in Ukraine made potential investors wary of a partnership with the Dutch-domiciled parent company. A group of Russian tycoons that’s bidding for the assets wants a full break with the Dutch entity, according to three people familiar with the plans who asked not to be identified because the information isn’t public. Talks previously focused… Source link

Read More »