Tag Archives: Engine

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 $5.2 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 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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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 $5.2 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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Search engine Yandex to sell Russian operations for $5bn

Search engine Yandex to sell Russian operations for $5bn

Yandex, the company often referred to as “Russia’s Google”, has agreed to sell its operations in the country in a cash-and-shares deal worth Rbs475bn ($5.2bn), as it seeks to secure its future in the aftermath of the war in Ukraine. The sale by Yandex’s Nasdaq-listed, Netherlands-based parent company, announced on Monday, to a consortium of Russian investors will also result in the group spinning off some of its main international projects. The move follows a protracted 18-month… Source link

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Can This A.I.-Powered Search Engine Replace Google? It Has for Me.

Can This A.I.-Powered Search Engine Replace Google? It Has for Me.

For my entire adult life, whenever I’ve had a question about the world or needed to track down something online, I’ve gone to Google for answers. But recently, I’ve been stepping out on Google with a new, A.I.-powered search engine. (No, not Bing, which is dead to me after it tried to break up my marriage last year.) It’s called Perplexity. The year-old search engine, whose founders previously worked in A.I. research at OpenAI and Meta, has quickly become one of the most buzzed-about… Source link

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Yandex Search Engine Assets For Sale 11/16/2023

Yandex Search Engine Assets For Sale 11/16/2023

Search engines face challenges as they look to protect assets during difficult economic times and the turmoil of war. Some smaller engines are either trying to sell off assets or partner with larger companies with strong technology they can capitalize on. Yandex’s Dutch holding company is considering selling its Russian … Source link

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