Tag Archives: Russian

Technology giant Yandex on Monday announced long-awaited plans to split its Russian and international units in a corporate divorce worth $5.2 billion. The deal marks an end to more than two decades of Western investment in Yandex, which for years was seen as a darling of Russia’s fast-growing tech industry and an example of successful Western investment in Russia. But after Moscow sent troops into Ukraine in February 2022, the company’s status as an internationally headquartered… Source link

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

[unable to retrieve full-text content]Yandex to sell its remaining Russian businesses for $5.2B — half its market value  TechCrunch Source link

Image Credits: YURI KADOBNOV/AFP / Getty Images Yandex N.V., the Dutch parent company of the eponymous Russian internet giant, is selling the last of its remaining Russian businesses at a steep discount, following geopolitical pressures that emerged from Russia’s invasion of Ukraine two years ago. The value of the transaction, which will include the sale of all Yandex N.V. businesses in Russia and a handful of neighboring markets, will amount to around 475 billion rubles… Source link

Yandex, the company often referred to as “Russia’s Google”, has agreed to sell its operations in the country in a cash-and-shares deal worth Rbs475bn ($5.2bn), as it seeks to secure its future in the aftermath of the war in Ukraine. The sale by Yandex’s Nasdaq-listed, Netherlands-based parent company, announced on Monday, to a consortium of Russian investors will also result in the group spinning off some of its main international projects. The move follows a protracted 18-month… Source link

A Russia-based company has become the legal owner of tech giant Yandex as it prepares to separate from its Dutch parent company, the state-run Interfax news agency reported Tuesday. MKAO Yandex was registered last month in the Kaliningrad region’s Oktyabrsky Island, an offshore zone known as a “special administrative region.” In addition to offering low taxes, the offshore zone allows major Russian companies to repatriate their businesses while avoiding Western sanctions as… Source link

Image Credits: Vertigo3d / Getty Images Google researchers say they have evidence that a notorious Russian-linked hacking group — tracked as “Cold River” — is evolving its tactics beyond phishing to target victims with data-stealing malware. Cold River, also known as “Callisto Group” and “Star Blizzard,” is known for conducting long-running espionage campaigns against NATO countries, particularly the United States and the United Kingdom. Researchers believe… Source link

[unable to retrieve full-text content]Yandex Founder Calls for Sanctions Removal After Criticism of Russian Invasion  Bloomberg Source link

Yandex NV co-founder Arkady Volozh shouldn’t have been sanctioned after Vladimir Putin’s invasion of Ukraine, as he was never close to the Russian president and has blasted Russia’s aggression toward its neighbor, a European Union court was told. “This is not about another businessman who built his wealth on the wave of privatization and state contracts,” William Julie, a lawyer for the tech magnate, told the EU’s General Court. Source link

[unable to retrieve full-text content]Yandex Parent Mulls Sale of Entire Russian Business  Marketscreener.com Source link