Tag Archives: Deal

In biggest corporate exit since Ukraine war, search engine Yandex’s owner to leave Russia in $5.2 billion deal | Business News

In biggest corporate exit since Ukraine war, search engine Yandex’s owner to leave Russia in .2 billion deal | Business News

Yandex NV has struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors, marking the biggest corporate exit from the country since Moscow invaded Ukraine almost two years ago. The Kremlin-engineered deal would see Russia’s largest technology player fall entirely under Russian ownership, including a fund ultimately owned by oil major Lukoil, and cement Yandex’s departure from Western tech circles. Once seen as one… Source link

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Yandex NV Strikes $5.2Bln Deal With Russian Investors

Yandex NV Strikes .2Bln Deal With Russian Investors

Tech giant Yandex announced Monday it has agreed to sell its Russian assets to a consortium of Russian investors for 475 billion rubles ($5.2 billion). The Amsterdam-based Yandex N.V. had been negotiating a restructuring after Western sanctions over Russia’s war in Ukraine forced Yandex to effectively split into two companies, with one based in Russia and the other in the Netherlands.  “Yandex N.V., the Dutch parent company of the Yandex group… has entered into a definitive… Source link

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Google inks major new offshore wind deal

Google inks major new offshore wind deal

Google announced its biggest deal yet to purchase offshore wind energy for its data centers in Europe, signing power purchase agreements to support two new wind farms off the coast of the Netherlands. It’s part of Google’s plan to match all of its data center electricity consumption with clean energy generation on a 24/7 basis by 2030. To do that, the company will need to help get more renewable energy, including offshore wind, pulsing through power grids where it operates. It shared… Source link

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