Tag Archives: Russian

Yandex to Fully Divest Russian Assets and Distribute Proceeds

Yandex to Fully Divest Russian Assets and Distribute Proceeds

Yandex NV plans to sell its entire Russian business, including the nation’s most popular search engine, after its founder’s criticism of the war in Ukraine made potential investors wary of a partnership with the Dutch-domiciled parent company. A group of Russian tycoons that’s bidding for the assets wants a full break with the Dutch entity, according to three people familiar with the plans who asked not to be identified because the information isn’t public. Talks previously focused… Source link

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