Tag Archives: divest

[unable to retrieve full-text content]Yandex divest deal chugs along, sunset clause extended through April  CyberNews.com Source link

[unable to retrieve full-text content]Yandex to Fully Divest Russian Assets and Distribute Proceeds  Bloomberg Source link

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

Russian tech giant Yandex said Tuesday it has reached a “binding” deal to sell its news platform and homepage to rival VK as war-related sanctions fuel uncertainty over the Russian tech industry’s future. VK said it exited its joint venture with top lender Sberbank to pave the way for the deal with Yandex, once considered the jewel of Russia’s rising IT scene. Yandex said it is pursuing a “strategic exit from its media businesses” with the sale of… Source link

MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / August 23, 2022 / Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has entered into a binding agreement with VK, one of Russia’s largest social media businesses, to sell Yandex’s news aggregation platform and Zen infotainment service as well as the main page, where both services have been located. As sole consideration for these assets, Yandex will acquire 100% of the food delivery… Source link

Russian tech giant Yandex said Tuesday it has reached a “binding” deal to sell its news platform and homepage to rival VK as war-related sanctions fuel uncertainty over the Russian tech industry’s future. VK said it exited its joint venture with top lender Sberbank to pave the way for the deal with Yandex, once considered the jewel of Russia’s rising IT scene. Yandex said it is pursuing a “strategic exit from its media businesses” with the sale of Yandex.News, Yandex.ru and… Source link

Ohio State University will pull the plug on robots that deliver meals for GrubHub on campus after the meal service ended its partnership with Russia-based Yandex SDG. “Ohio State affirms and supports GrubHub’s decision to end their partnership with Yandex. We are in the process of ceasing the rover delivery option after completing any deliveries that are currently out on campus,” the university said in a statement. Grubhub had contracted with Yandex to provide about cooler-sized robots… Source link

Ohio State University will pull the plug on robots that deliver meals for GrubHub on campus after the meal service ended its partnership with Russia-based Yandex SDG. “Ohio State affirms and supports GrubHub’s decision to end their partnership with Yandex. We are in the process of ceasing the rover delivery option after completing any deliveries that are currently out on campus,” the university said in a statement. Grubhub had contracted with Yandex to provide about cooler-sized robots… Source link