Tag Archives: Deal

Russian government approves Yandex NV deal to sell Russian assets

Russian government approves Yandex NV deal to sell Russian assets

MOSCOW (Reuters) – A subcommittee of the Russian government commission for control over foreign investments has approved a number of deals for a group of Russian investors to buy 96.3% of Yandex NV’s Russian business, Russian newspaper Vedomosti reported on Wednesday citing sources. Yandex NV had struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors last month, marking the biggest corporate exit from the country since… Source link

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Russian government approves Yandex NV deal to sell Russian assets

Russian government approves Yandex NV deal to sell Russian assets

MOSCOW (Reuters) – A subcommittee of the Russian government commission for control over foreign investments has approved a number of deals for a group of Russian investors to buy 96.3% of Yandex NV’s Russian business, Russian newspaper Vedomosti reported on Wednesday citing sources. Yandex NV had struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors last month, marking the biggest corporate exit from the country since… Source link

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Reports: Giants, 3B Matt Chapman agree to 3-year, $54 million deal

Reports: Giants, 3B Matt Chapman agree to 3-year, $54 million deal

Matt Chapman is headed to the Giants on a three-year deal. (Daniel Shirey/MLB Photos via Getty Images) Matt Chapman’s long, strange trip through free agency has finally come to an end. The third baseman reportedly agreed Friday on a three-year, $54 million deal with the Giants, according to multiple reports. The deal reportedly includes opt-outs after both the first and second years. According to ESPN’s Jeff Passan, Chapman will earn $20 million this season. He will then earn $18 million in… Source link

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Fisker tumbles 34% on warning; CEO hopes to close financing deal with OEM ‘as soon as possible’

Fisker tumbles 34% on warning; CEO hopes to close financing deal with OEM ‘as soon as possible’

Fisker (FSR) unloaded a cache of bad news during its Q4 earnings report yesterday, shaking investors and Wall Street analysts. Fisker reported that given its financial condition, evolving dealership sales approach, and challenging EV market, it has “substantial doubt about its ability to continue as a going concern” when the company files its official financial statements for 2023. Fisker also said it would reduce its headcount by 15%. Fisker said it had $396 million in cash at the end of… Source link

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Apple rejected Microsoft Bing deal over quality worries

Apple rejected Microsoft Bing deal over quality worries

Microsoft reportedly tried to sell Bing to Apple in 2018 – but failed. The sale was unsuccessful because Apple had concerns about Bing’s search quality, advertising unit and monetization capabilities, according to a document in Google’s antitrust case against the U.S. Justice Department. Google argues that the failed sale highlights that Bing lost out because it is an inferior search engine, not because Google has made the search market unfair for its competitors, per CNN.

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Microsoft Failed To Break Secretive Google And Apple Deal

Microsoft Failed To Break Secretive Google And Apple Deal

Google has just given millions of Microsoft users a reason to switch platforms—at least according to a surprise disclosure from a very surprising source. Google’s disclosure throws light on Apple and Bing getty Another twist this weekend in the ongoing “Browser War” between Google and Microsoft. Earlier this month, I reported on the complaints leveled at Microsoft, that it was reportedly “unfairly” promoting Edge over Chrome to Windows users. The complaint came in an independent… Source link

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Pinterest announces a new ad deal with Google as it approaches 500M MAUs

Pinterest announces a new ad deal with Google as it approaches 500M MAUs

Image Credits: SOPA Images/LightRocket/Igor Golovniov / Getty Images Pinterest announced a new ad deal with Google as the company aims to ramp up its ad revenue. Google is the social platform’s second third-party ad partner after Amazon signed a multiyear deal with Pinterest last year. The company talked about the Google partnership during the earnings call for Q4 2023, where it posted results below analyst expectations. Pinterest’s revenue for the period was $981… Source link

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Yandex Reaches $5 Billion Deal to Exit Russia

Yandex Reaches $5 Billion Deal to Exit Russia

The parent firm of Russia’s most prominent technology company, Yandex, said it has agreed to sell all its assets in the country for about $5 billion, which would be one of the largest corporate exits from Russia since its invasion of Ukraine. The invasion had roiled Yandex — often referred to as “Russia’s Google” — and turned its attempts to navigate between the Kremlin’s authoritarian policies and a Western blockade of the Russian economy into the most dramatic example of the… Source link

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Yandex search engine sold in $5.2 billion deal

Yandex search engine sold in $5.2 billion deal

Yandex, N.V. has agreed to sell its Russian assets – including the Yandex search engine – as part of a deal worth 475 billion rubles (roughly $5.2 billion). Reports of a coming sale emerged in November. The sale still will need regulatory and shareholder approval. About the sale. Yandex N.V., the Dutch parent company of the Yandex Group, agreed to sell all of its Russia-based assets, including Search, to a consortium… Source link

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