Tag Archives: TCS

Yandex and TCS Group Holding, the parent company of Russia’s top online bank Tinkoff, have terminated talks on Yandex’s proposed $5.48B deal to buy Tinkoff (Reuters)

Reuters: Yandex and TCS Group Holding, the parent company of Russia’s top online bank Tinkoff, have terminated talks on Yandex’s proposed $5.48B deal to buy Tinkoff  —  MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash … Source link

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Yandex and TCS Group terminate takeover talks for online bank Tinkoff – Latest News

Plans for Russia’s biggest corporate deal of 2020 fell apart on Friday as talks over a $5.48 billion cash-and-shares sale of online bank Tinkoff to internet giant Yandex were terminated after failure to agree transaction terms. The potential deal – which would have provided competition for Sberbank in the technology and banking sectors – stalled less than four weeks after it was announced by Tinkoff parent TCS Group Holding. TCS founder Oleg Tinkov claimed responsibility for halting the… Source link

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Yandex’s $5.5 Billion Deal for TCS Collapses as Tinkov Balks – BloombergQuint

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Russia’s Yandex and TCS terminate takeover talks for online bank Tinkoff

FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo MOSCOW (Reuters) – Discussions over a $5.48 billion cash-and-shares sale of online bank Tinkoff to Russian internet giant Yandex have been terminated after they failed to agree transaction terms. Tinkoff’s parent company TCS Group Holding said on Friday that it had agreed with Yandex not to proceed with the transaction but… Source link

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Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks

By Alexander Marrow, Andrey Ostroukh MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash-and-share sale of online bank Tinkoff to internet giant Yandex ended. FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Discussions over the potential tie-up, which would have increased competition for Russia’s… Source link

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Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks

TipRanks 3 ‘Strong Buy’ Stocks With at Least 6% Dividend Yield There’s so much going on in the markets, that it’s hard to know where to start and what to look for. On the red side of the ledger, it’s clear that the headwinds are gathering. House Democrats are still rejecting the $1.8 trillion coronavirus aid and stimulus package put forth by the White House, saying that President Trump’s proposal does not go far enough. The House Dems are pushing their own $2.2 trillion stimulus…. Source link

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Yandex and TCS Group terminate discussions on acquisition – Business & Economy

MOSCOW, October 16. /TASS/. The deal on the purchase of TCS Group – the parent company of Tinkoff Bank – by Russian Internet giant Yandex will not happen, since the parties could not come to an agreement, according to the Group’s statement said on the London Stock Exchange. “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the Potential Transaction. Negotiations between the parties with respect to the Potential… Source link

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Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks

By Alexander Marrow, Andrey Ostroukh MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash-and-share sale of online bank Tinkoff to internet giant Yandex ended. FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Discussions over the potential tie-up, which would have increased competition for Russia’s… Source link

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Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks

By Alexander Marrow, Andrey Ostroukh MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash-and-share sale of online bank Tinkoff to internet giant Yandex ended. FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Discussions over the potential tie-up, which would have increased competition for Russia’s… Source link

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