Tag Archives: restructuring

Yandex, the company often described as “Russia’s Google”, is seeking Vladimir Putin’s blessing to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Three people familiar with these moves said that the internet giant has informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring… Source link

SINGAPORE — Yahoo has retrenched several editorial staff based in Singapore, following a restructuring of its editorial team in Southeast Asia and the cessation of publication of localised content in the Philippines and Indonesia. TODAY understands from sources that seven employees based in Singapore were laid off, all of them journalists. They were from the Singapore/Malaysia, the Philippines and the finance teams. In response to TODAY’s queries, a spokesperson of the international… Source link

Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. The stock plummeted in after-hours trading, down as much as 9%. Here are Warner Bros. Discovery second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: In total, the company said it… Source link

Yandex Announces Completion of Restructuring of its Taxi Group Assets Moscow, Amsterdam, December 21, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of the ownership of MLU B.V., its joint venture with Uber (“MLU”). The restructuring was completed in two stages: … Source link

MOSCOW, RUSSIA / AMSTERDAM, NETHERLANDS / ACCESSWIRE / December 21, 2021 / Yandex (NASDAQ and MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of the ownership of MLU B.V., its joint venture with Uber (“MLU”). The restructuring was completed in two stages: The acquisition by Yandex of Uber’s 18.2% interest in Self Driving Group and… Source link

MOSCOW, RUSSIA / AMSTERDAM, NETHERLANDS / ACCESSWIRE / December 21, 2021 / Yandex (NASDAQ and MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of the ownership of MLU B.V., its joint venture with Uber (“MLU”). The restructuring was completed in two stages: The acquisition by Yandex of Uber’s 18.2% interest in Self Driving Group and a 4.5% interest in… Source link

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Miscellaneous/Miscellaneous21.12.2021 / 14:15 MSKThe issuer is solely responsible for the content of this announcement. Yandex Announces Completion of Restructuring of its Taxi Group Assets Moscow, Amsterdam, December 21, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of… Source link

(Bloomberg) — China Evergrande Group has officially been labeled a defaulter for the first time, the latest milestone in months-long financial drama that’s likely to culminate in a massive restructuring of the world’s most indebted developer. Most Read from Bloomberg Fitch Ratings cut Evergrande to “restricted default” over its failure to make two coupon payments by the end of a grace period on Monday, a move that may trigger cross defaults on the developer’s $19.2 billion of dollar… Source link

Google is reorganizing its responsible AI teams in the wake of Timnit Gebru’s firing. The ethical AI team will now roll up to Marian Croak, a prominent Black executive in the engineering department. Croak will also oversee employees focused on engineering fairness products, according to Bloomberg. She will report to Jeff Dean, who leads the company’s AI efforts. The ethical AI team was not aware of the reorganization until news broke Wednesday night. In a blog post confirming… Source link