Tag Archives: parent

Yandex parent company to sell its Russian businesses for $5.2 billion

Yandex parent company to sell its Russian businesses for $5.2 billion

The Netherlands-based parent company of the Yandex group is selling its Russian businesses to local investors for $5.2 billion, the company announced on Monday. Despite a mandatory discount of at least half enforced by the Kremlin, this would be the largest corporate exit from Russia since it invaded Ukraine two years ago. Yandex, often referred to as “Russia’s Google,” was founded in Russia in the late 1990s and went public on the Nasdaq in 2011 via a company called Yandex NV registered… Source link

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Yandex parent company announces $5.2 billion deal to sell Russian assets — Meduza

Yandex parent company announces $5.2 billion deal to sell Russian assets — Meduza

After a year and a half of negotiations, Yandex founder Arkady Volozh and foreign shareholders have reached a deal to part ways with the company’s Russian assets. The Russian IT giant’s Netherlands-based parent company announced Monday that it will sell a large portion of its operations to a consortium of Russian investors before rebranding and continuing to develop its remaining international properties. The Russian investment fund making the purchase, called Consortium.First, includes… Source link

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What To Expect From Google’s Parent Alphabet Today

What To Expect From Google’s Parent Alphabet Today

MOUNTAIN VIEW, CALIFORNIA – JANUARY 31: A sign is posted in front of a building on the Google campus … [+] on January 31, 2022 in Mountain View, California. Google parent company Alphabet will report fourth quarter earnings on Tuesday after the closing bell. (Photo by Justin Sullivan/Getty Images) Getty Images Alphabet GOOGL Inc. is scheduled to report earnings after today’s close. The stock hit a record split adjusted high of $151.55/share in 2022 and is currently trading near… Source link

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