Tag Archives: country

Dutch owner of Russia’s No. 1 search engine Yandex sells for $5.2 billion, exits country

Dutch owner of Russia’s No. 1 search engine Yandex sells for .2 billion, exits country

The Dutch parent of top Russian internet search engine Yandex, often called the “Google” of Russia, has sold the business to a special-purpose Russian mutual fund at a heavily discounted $5.2 billion and is pulling out of the country completely. Yandex has no connection to Google or parent company Alphabet. File Photo by Maxim Shipenkov/EPA Feb. 6 (UPI) — The… Source link

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Yandex: Owner of ‘Russia’s Google’ pulls out of home country

Yandex: Owner of ‘Russia’s Google’ pulls out of home country

By Mariko Oi Business reporter 5 hours ago Image source, Getty Images The owner of Yandex, often referred to as “Russia’s Google”, has said it will pull out of its country of origin. The sale to a consortium of investors means Yandex’s Russian business is now a fully Russian-owned entity. The firm has previously been accused of hiding information about the war in Ukraine from the Russian public. Moscow has welcomed the latest deal which the company said was “the product of an extensive period of… Source link

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Yandex: Owner of ‘Russia’s Google’ pulls out of home country

Yandex: Owner of ‘Russia’s Google’ pulls out of home country

By Mariko Oi Business reporter 6 February 2024 Image source, Getty Images The owner of Yandex, often referred to as “Russia’s Google”, has said it will pull out of its country of origin. The sale to a consortium of investors means Yandex’s Russian business is now a fully Russian-owned entity. The firm has previously been accused of hiding information about the war in Ukraine from the Russian public. Moscow has welcomed the latest deal which the company said was “the product of an extensive period… Source link

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Owner of ‘Russia’s Google’ pulls out of home country

Yandex: Owner of ‘Russia’s Google’ pulls out of home country

By Mariko OiBusiness reporter Getty Images The owner of Yandex, often referred to as “Russia’s Google”, has said it will pull out of its country of origin. Its Dutch-based parent company sold the operation in Russia for 475 billion roubles ($5.2bn; £4.2bn), much lower than its estimated market value. The sale to a consortium of investors means Yandex’s Russian business is now a fully Russian-owned entity. The firm has previously been accused of hiding information about the war in Ukraine from… Source link

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India’s antitrust order will stall Android’s progress in the country, Google warns • TechCrunch

India’s antitrust order will stall Android’s progress in the country, Google warns • TechCrunch

Google has warned that growth in the use of Android in India may stall due to an antitrust order issued by the Indian antitrust watchdog last year over the U.S. company’s domination in the country. The order, which was issued by the Competition Commission of India (CCI) in September, found that Google had abused its dominant position in the market for mobile operating systems by imposing restrictive contracts on mobile manufacturers. The CCI ordered Google to… Source link

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