Tag Archives: Sale

Yandex NV shareholders approve sale of Russian assets to investor consortium -March 07, 2024 at 01:30 pm EST

Yandex NV shareholders approve sale of Russian assets to investor consortium -March 07, 2024 at 01:30 pm EST

March 7 (Reuters) – Shareholders of Dutch-registered Yandex NV approved the sale of “Russia’s Google,” the country’s most valuable technology asset, to a management-led consortium of Russian investors, the company said on Thursday. Yandex last month struck a 475-billion-rouble ($5.27 billion) deal after months of negotiations to sell its assets in Russia at a heavily discounted price due to Kremlin demands on foreign asset sales. (Reporting by Alexander Marrow and… Source link

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The government has approved the sale of Yandex

The government has approved the sale of Yandex

OREANDA-NEWS The Government Commission for the Control of Foreign Investments has approved a deal for the acquisition by a Russian group of investors of 96.3% of the shares of MKAO Yandex from the Dutch Yandex N.V. Vedomosti writes about this. Earlier, the FAS stated that Yandex Taxi occupies a dominant position in the market. Russian President Vladimir Putin also allowed foreigners to make transactions with shares of Yandex Bank. Source link

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Sale of ‘Russia’s Google’ Yandex tightens Moscow’s grip on the internet

Sale of ‘Russia’s Google’ Yandex tightens Moscow’s grip on the internet

Tech giant Yandex — dubbed “Russia’s Google” — has agreed to sell its Russian assets to a consortium of investors for $5.2 billion, the biggest corporate exit from the country since the Kremlin’s invasion of Ukraine in 2022. The company, which is registered in the Netherlands but conducts most of its business in Russia, said that the government-backed sale includes 95% of its assets, including the country’s most-popular search engine, a ride-sharing application, and an… Source link

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Explainer-Why the $5.2 billion sale of Russia’s Yandex is significant

Explainer-Why the $5.2 billion sale of Russia’s Yandex is significant

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

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Yandex Search Engine Assets For Sale 11/16/2023

Yandex Search Engine Assets For Sale 11/16/2023

Search engines face challenges as they look to protect assets during difficult economic times and the turmoil of war. Some smaller engines are either trying to sell off assets or partner with larger companies with strong technology they can capitalize on. Yandex’s Dutch holding company is considering selling its Russian … Source link

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