Tag Archives: exit

By Alexander Marrow LONDON (Reuters) – Two of Russia’s largest corporate exit deals since Moscow’s invasion of Ukraine are up for shareholder approval on Thursday, with “Russia’s Google” Yandex and major mining assets set to pass to Russian ownership in transactions totalling around $9 billion. Dutch-registered Yandex NV, struck a 475-billion-rouble ($5.27 billion) deal to sell its local subsidiary – Russia’s most valuable technology asset – to Russian investors, while precious metals producer… Source link

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

Yandex NV reached an agreement to sell its Russian business, including the nation’s most popular search engine, for about $5.2 billion, the highest-valued deal yet to exit Russia following the invasion of Ukraine. The divorce, which took more than a year to negotiate, opens the way for Yandex, which has been registered in the Netherlands since 2007, to develop some projects abroad after divesting Russian units that had generated most of its revenue. Yandex management will get the biggest… Source link

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

Cowboys’ collapse should serve as warning to reeling Eagles about consequences of a playoff exit Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Source link

“Starting today, Google Cloud customers who wish to stop using Google Cloud and migrate their data to another cloud provider and/or on premises, can take advantage of free network data transfer to migrate their data out of Google Cloud,” Amit Zavery, a Google cloud vice president, wrote in the post. “This applies to all customers globally.”  While Zavery didn’t name any specific vendors, data transfer fees are a profitable source of revenue for tech companies and can serve to reduce churn… Source link

[unable to retrieve full-text content]Yandex, Lanit exit JV for producing servers  Telecompaper EN Source link

[unable to retrieve full-text content]Yandex N.V. set to exit Russia – but at a cost  AIM Group Source link

MOSCOW -The upper chamber of Russia’s parliament approved the resignation of Alexei Kudrin as head of the Audit Chamber on Wednesday, paving the way for him to take up a potential role at Russian technology giant Yandex. Kudrin, a close ally of President Vladimir Putin throughout his career, becomes the highest profile government official to leave a post since Russia sent tens of thousands of troops into Ukraine in February. Sources expect Kudrin to take up a role with Yandex, which last… Source link

The upper chamber of Russia’s parliament approved the resignation of Alexei Kudrin as head of the Audit Chamber on Wednesday, paving the way for him to take up a potential role at Russian technology giant Yandex. Kudrin, a close ally of President Vladimir Putin throughout his career, becomes the highest profile government official to leave a post since Russia sent tens of thousands of troops into Ukraine in February. Sources expect Kudrin to take up a role with Yandex, which last week… Source link