Tag Archives: Russias

Yandex is set to be sold to a group of Russian investors. Yandex NV, the Dutch parent company of Yandex, announced today that it has reached a $5.21 billion deal to sell most of its Russian operations to a consortium led by investors with ties to Russian oil giant Lukoil. Under the terms of the deal, a new investment fund, Consortium.First, will acquire Yandex”s leading search, advertising, ride-hailing, and other services that generate over 95% of its… Source link

By Alexander Marrow LONDON (Reuters) – A $5.2 billion cash and share deal to sell the key Russian assets of technology group Yandex, often labelled as “Russia’s Google”, to a consortium of Russian investors was announced on Monday after months of negotiations. Here’s why the deal is significant. RUSSIA’S LARGEST TECH ASSET Moscow has long sought to gain more influence over Yandex, set up in the dotcom boom in the late 1990s, as it became a key player in online services such as search and… Source link

By Mariko OiBusiness reporter Getty Images The owner of Yandex, often referred to as “Russia’s Google”, has said it will pull out of its country of origin. Its Dutch-based parent company sold the operation in Russia for 475 billion roubles ($5.2bn; £4.2bn), much lower than its estimated market value. The sale to a consortium of investors means Yandex’s Russian business is now a fully Russian-owned entity. The firm has previously been accused of hiding information about the war in Ukraine from… Source link

[unable to retrieve full-text content]Yandex Founder Calls Russia’s War In Ukraine ‘Barbaric’  The New York Times Source link

[unable to retrieve full-text content]Yandex, Russia`s tech giant, faces a `brain drain`. Here`s why  WION Source link

[unable to retrieve full-text content]Founder of Russia’s Google slams Putin’s ‘barbaric’ Ukraine war  POLITICO Europe Source link

A founder of Russia’s largest technology company condemned his country’s war in Ukraine on Thursday, a rare step among Russian tycoons caught between fear of Western sanctions and retribution at home. “Russia’s invasion of Ukraine is barbaric, and I am categorically against it,” Arkady Volozh, who until last year ran Yandex, often referred to as Russia’s Google, said in a statement. “I have to take my share of responsibility for the country’s actions,” he said, without… Source link

[unable to retrieve full-text content]Russia’s classified powerhouses face imminent delisting from U.S. …  AIM Group Source link

[unable to retrieve full-text content]Nasdaq to Delist Russia’s Yandex, Other Tech Firms  The Moscow Times Source link

Last week, Russian Internet giant Yandex suffered a major source code leak when an unknown user (likely a former employee) published parts of the company’s internal repository online. The leaked code provides new insight into the inner workings of Russia’s largest search engine, which has faced growing criticism in recent years for cooperating with the Kremlin. Among other things, the breach confirmed that Yandex has censored image and video search results to prevent the Z symbol and… Source link