Tag Archives: sell

The Netherlands-based parent company of the Yandex group is selling its Russian businesses to local investors for $5.2 billion, the company announced on Monday. Despite a mandatory discount of at least half enforced by the Kremlin, this would be the largest corporate exit from Russia since it invaded Ukraine two years ago. Yandex, often referred to as “Russia’s Google,” was founded in Russia in the late 1990s and went public on the Nasdaq in 2011 via a company called Yandex NV registered… Source link

After a year and a half of negotiations, Yandex founder Arkady Volozh and foreign shareholders have reached a deal to part ways with the company’s Russian assets. The Russian IT giant’s Netherlands-based parent company announced Monday that it will sell a large portion of its operations to a consortium of Russian investors before rebranding and continuing to develop its remaining international properties. The Russian investment fund making the purchase, called Consortium.First, includes… 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

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

[unable to retrieve full-text content]Insider Sell: Director Dawn Hudson Sells 11,000 Shares of NVIDIA Corp (NVDA)  Yahoo Finance Source link

[unable to retrieve full-text content]Yandex shares grow on media reports about plans to sell assets in …  ИА Ореанда-Новости Source link

[unable to retrieve full-text content]Exclusive: Yandex NV could sell Russian assets all at once  Reuters Source link

[unable to retrieve full-text content]Exclusive-Yandex NV could sell Russian assets all at once  SaltWire NS Source link

[unable to retrieve full-text content]Yandex to sell all Russian assets, distribute proceeds – reports  Seeking Alpha Source link