Tag Archives: Wartime

Yandex NV reached an agreement to sell its Russian business, including the nation’s most popular search engine, for about $5.2 billion, the highest-valued deal yet to exit Russia following the invasion of Ukraine. The divorce, which took more than a year to negotiate, opens the way for Yandex, which has been registered in the Netherlands since 2007, to develop some projects abroad after divesting Russian units that had generated most of its revenue. Yandex management will get the biggest… Source link

Russian tech giant Yandex has said it is reorganizing its operations, moving to cut its ties with Russia in a restructuring that solidifies government control over a company once seen as a bellwether for the country’s digital economy. The announcement comes after months of internal turmoil, with executives departing, the sale of the two of the company’s best-known products, and company shares hitting basement prices prior to being frozen on international stock exchanges. “These are… Source link

Russian tech giant Yandex has said it is reorganizing its operations, moving to cut its ties with Russia in a restructuring that solidifies government control over a company once seen as a bellwether for the country’s digital economy. The announcement comes after months of internal turmoil, with executives departing, the sale of the two of the company’s best-known products, and company shares hitting basement prices prior to being frozen on international stock exchanges. “These are… Source link