Tag Archives: Investors

Big beer battles for sales, and investors

Big beer battles for sales, and investors

Super Bowl LVIII is big beer’s prime-time opportunity to finally throw a touchdown to investors. Up until this Sunday’s marquee matchup in Las Vegas, the beer industry has largely been on defense the past two years. U.S. beer shipments fell to a 25-year low in 2023, according to new data out of BofA Securities, as politically and culturally-driven boycotts and consumer tastes shifting to hard seltzers and liquor have pressured industry sales. In the past two years alone, beer shipments have… Source link

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‘Russia’s Google’ Yandex to be sold to domestic investors in $5.2 billion deal

‘Russia’s Google’ Yandex to be sold to domestic investors in $5.2 billion deal

Yandex is set to be sold to a group of Russian investors. Yandex NV, the Dutch parent company of Yandex, announced today that it has reached a $5.21 billion deal to sell most of its Russian operations to a consortium led by investors with ties to Russian oil giant Lukoil. Under the terms of the deal, a new investment fund, Consortium.First, will acquire Yandex”s leading search, advertising, ride-hailing, and other services that generate over 95% of its… Source link

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Yandex NV Strikes $5.2Bln Deal With Russian Investors

Yandex NV Strikes $5.2Bln 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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