Tag Archives: Group

Reuters: Yandex and TCS Group Holding, the parent company of Russia’s top online bank Tinkoff, have terminated talks on Yandex’s proposed $5.48B deal to buy Tinkoff  —  MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash … Source link

Plans for Russia’s biggest corporate deal of 2020 fell apart on Friday as talks over a $5.48 billion cash-and-shares sale of online bank Tinkoff to internet giant Yandex were terminated after failure to agree transaction terms. The potential deal – which would have provided competition for Sberbank in the technology and banking sectors – stalled less than four weeks after it was announced by Tinkoff parent TCS Group Holding. TCS founder Oleg Tinkov claimed responsibility for halting the… Source link

Share Tweet Share Share Share Print Email Russian search giant Yandex said in a statement on Friday (Oct. 16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart.  “Yandex regrets to confirm that it has not been able to agree to definitive transaction terms with the core shareholders of Tinkoff, and accordingly that the parties have mutually agreed to terminate discussions regarding a possible offer by Yandex for 100% of the share capital of Tinkoff,” Yandex said in a Source link

Photographer: Alexander Zemlianichenko Jr./Bloomberg Photographer: Alexander Zemlianichenko Jr./Bloomberg Russian internet firm Yandex NV terminated talks to buy the country’s largest online lender TCS Group Holding PLC,… Source link

Yandex N.V. (NASDAQ:YNDX) has not been able to agree definitive transaction terms with the core shareholders of Tinkoff, and therefore, the parties have agreed to terminate discussions regarding an offer for 100% of the share capital of Tinkoff. Shares down -2.5% premarket. Press release Previously: Yandex +3.7% on reported $5.5B deal for Tinkoff bank (Sept. 22) Source link

MOSCOW, October 16. /TASS/. The deal on the purchase of TCS Group – the parent company of Tinkoff Bank – by Russian Internet giant Yandex will not happen, since the parties could not come to an agreement, according to the Group’s statement said on the London Stock Exchange. “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the Potential Transaction. Negotiations between the parties with respect to the Potential… Source link

FILE PHOTO: The logo of Tinkoff Bank is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov MOSCOW (Reuters) – Russian bank TCS Group Holding TCSq.L on Friday said it had terminated discussions over a possible $5.48 billion sale of its online bank Tinkoff to internet giant Yandex YNDX.O. TCS said the two parties had agreed not to proceed with the cash-and-shares transaction and terminated negotiations immediately, adding… Source link

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8. OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). MOSCOW and AMSTERDAM, Oct. 16, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) (“Yandex,” “we” or the “Company”), one of… Source link

TipRanks Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P 500 has moved 5.5% higher. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same… Source link

[unable to retrieve full-text content]Yandex set to buy Tinkoff Bank in defensive move to boost fintech  AIM Group Source link