Tag Archives: company

Tech company Yandex is selling Russian operations for $5 billion. It’s a big discount

Tech company Yandex is selling Russian operations for $5 billion. It’s a big discount

The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil By DAVID McHUGH AP Business Writer February 5, 2024, 8:29 AM ET • 3 min read FRANKFURT, Germany — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil… Source link

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

Yandex parent company announces $5.2 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

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Disney lawsuit against DeSantis dismissed by judge as company vows fight ‘will not end here’

Disney lawsuit against DeSantis dismissed by judge as company vows fight ‘will not end here’

A federal judge is dismissing Disney’s (DIS) free speech lawsuit against Florida Governor Ron DeSantis — a big win for the politician amid his ongoing political feud with the media giant. In a court filing obtained by Yahoo Finance, US District Judge Allen Winsor, who was appointed to the federal bench by former President Donald Trump in 2019, granted a motion to dismiss the First Amendment case. The judge determined that Disney’s position “fails on the merits” and ultimately “lacked… Source link

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Tech company laying off hundreds of employees

Google is starting 2024 by cutting several hundred jobs across the company. The company confirmed the layoffs to USA TODAY Friday and that they will impact employees within Google’s hardware and central engineering teams, as well employees who work on Google Assistant, the company’s voice-activated software product. Other parts of the company were also affected. “As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the… Source link

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