Tag Archives: Mighty

Russia’s Yandex acquires Israeli e-scooter company | The Mighty 790 KFGO

MOSCOW (Reuters) – Russian tech giant Yandex is expanding in Israel with the acquisition of electric scooter rental company Wind, adding to its taxi and food delivery services in the country. Yandex said on Tuesday it expects the deal to be finalised by the end of the year but did not disclose financial terms. The acquisition will include Wind’s e-scooters hardware, its R&D capabilities and operations in Israel, Yandex said. Wind, which operates around 4,500 scooters across 13 cities… Source link

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Russia’s Yandex says it repelled biggest DDoS attack in history | The Mighty 790 KFGO

MOSCOW (Reuters) – A cyber attack on Russian tech giant Yandex’s servers in August and September was the largest known distributed denial-of-service (DDoS) attack in the history of the internet, the company said on Thursday. The DDoS attack, in which hackers try to flood a network with unusually high volumes of data traffic in order to paralyse it when it can no longer cope with the scale of data requested, began in August and reached a record level on Sept. 5. “Our experts did… Source link

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Russian tech firm Yandex to test self-driving taxis in Moscow this year | The Mighty 790 KFGO

MOSCOW (Reuters) – Adventurous Muscovites may soon be able to travel around parts of Moscow in driverless taxis as Russian tech giant Yandex plans to start testing the autonomous vehicles in the city this year, the company said on Wednesday. Yandex, which operates a raft of services from online search to food delivery, has been testing self-driving technology for more than three years in Russia, Israel and the United States. Robotaxis will available through the company’s Yandex.Go… Source link

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Russia’s Yandex restructures JV ownership with Uber in $1 billion deal | The Mighty 790 KFGO

MOSCOW (Reuters) -Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added that it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion. The restructured joint venture MLU will continue to focus on mobility businesses, including ride-hailing and car… Source link

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Russia’s Yandex says Q2 adj. net income up 34% y/y, upgrades revenue outlook | The Mighty 790 KFGO

MOSCOW (Reuters) – Russian internet giant Yandex on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year to tap into surging demand for online services during the pandemic, said gross merchandise volumes for its e-commerce businesses jumped 155% to 35.1 billion roubles… Source link

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Verizon explores sale of media assets, including Yahoo and AOL – WSJ | The Mighty 790 KFGO

(Reuters) – Verizon Communications Inc is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The sales process, which includes private equity firm Apollo Global Management Inc, could yield a price of $4 billion to $5 billion, report said. Yahoo and AOL are the two large brands within Verizon Media, which also owns news publication HuffPost, technology news sites… Source link

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