Yandex, N.V. has agreed to sell its Russian assets – including the Yandex search engine – as part of a deal worth 475 billion rubles (roughly $5.2 billion). Reports of a coming sale emerged in November. The sale still will need regulatory and shareholder approval. About the sale. Yandex N.V., the Dutch parent company of the Yandex Group, agreed to sell all of its Russia-based assets, including Search, to a consortium… Source link
Read More »‘Russia’s Google’ Yandex to be sold to domestic investors in $5.2 billion deal
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
Read More »Yandex – aka Russia's 'Google' – sold off at half price to Chinese investors – Yahoo! Voices
[unable to retrieve full-text content]Yandex – aka Russia’s ‘Google’ – sold off at half price to Chinese investors Yahoo! Voices Source link
Read More »Yandex could be sold to consortium that includes Avito owner – AIM Group
[unable to retrieve full-text content]Yandex could be sold to consortium that includes Avito owner AIM Group Source link
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