Tag Archives: Russian

MOSCOW, Sept 7 (Reuters) – Russian tech firm Yandex said on Tuesday it had removed jailed Kremlin critic Alexei Navalny’s tactical voting website from its search engine to comply with a government ban ahead of a parliamentary election this month. Navalny and his allies want to use the website and a separate app to organise a tactical voting campaign at the Sept. 17-19 contest to land a blow against the ruling United Russia party. The campaign urges followers to sign up so they can be allocated… Source link

2 September 2021

The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber’s stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so. By Anna Rzhevkina and Gleb Stolyarov MOSCOW: 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 their… Source link

Image credit: Yandex Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, announces that it has entered into a binding agreement with Uber to restructure the ownership of their joint ventures, MLU B.V. (“MLU”) and Yandex Self-Driving B.V. (“SDG”). Under this agreement, for total consideration of $1.0 billion in cash, Yandex will receive: Uber’s 33.5% indirect interest in Yandex.Eats, Yandex.Lavka and… Source link

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their ride-hailing joint venture as part of a $1 billion deal. The restructuring of the MLU ride-hailing and car… Source link

Yandex.Market wants to grow its fashion category from one percent to 20 percent of total GMV. Shutterstock Although Yandex backed out of a deal to buy fashion e-tailer KupiVip in July, the tech giant hasn’t given up on the fashion segment, announcing earlier this week at its Yandex Fashion Day conference that its own Yandex.Market platform would be doubling down on fashion category… Source link

A YouTube logo seen at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. REUTERS/Lucy Nicholson MOSCOW, Aug 16 (Reuters) – Tsargrad TV, a news channel owned by a sanctioned Russian businessman, said it had abandoned talks with Google to have its YouTube account unblocked and on Monday accused the U.S. group of dragging its feet in negotiations. Google is the subject of a Moscow court order obliging it to unblock the YouTube account of Tsargrad… Source link

Photo: Yandex.ru Russian tech giant Yandex announced last week that it would withdraw its contract to buy online fashion retailer Kupi VIP, but said it was considering alternative retailers in the fashion arena. In May, we agreed to purchase online retailers on private terms to enhance Yandex.Market, a free platform for displaying products in retail stores and online stores. The transaction was expected to close in the third quarter of this year. “Yandex.Market does not exercise the… Source link

Yandex NV, the Dutch-domiciled Russian multinational internet company, often dubbed as the Google of Russia, had launched an e-scooter rental service in Moscow on Wednesday in a bid to draw fresh liquids amid a ballooning demand-surge across the city, an auspicious eavesdropping on to a new source of revenues. In point of fact, latest Yandex NV move to roll out an e-scooter rental service into Moscow, the Russ capital housing more than 12.5 million people, came forth at a… Source link

Russia’s online retailer Ozon’s logistics center outside the town of Tver. Ozon is Russia’s pure-play e-commerce stock. KIRILL KUDRYAVTSEV/AFP via Getty Images Text size Vladimir Putin has worked long and hard to foster the impression that he is Russia. Investors believe him. Russian stocks wax and wane with… Source link