Tag Archives: Yandex

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

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

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

TCS Group announced on Friday that the sale of Tinkoff Bank to the tech giant Yandex has collapsed and the deal is now “terminated.” “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the potential transaction,” the company said, offering no further explanation. In a separate press release, Yandex confirmed that it is no longer buying Tinkoff Bank, saying that it failed to finalize terms with the bank’s main… Source link

Photographer: Alexander Zemlianichenko Jr./Bloomberg Photographer: Alexander Zemlianichenko Jr./Bloomberg Russian internet firm Yandex NV terminated talks to buy the country’s largest online lender TCS Group Holding PLC,… Source link

The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped after the bank’s billionaire founder Oleg Tinkov walked away from the negotiations. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously… Source link

Yandex N.V. (NASDAQ:YNDX) has not been able to agree definitive transaction terms with the core shareholders of Tinkoff, and therefore, the parties have agreed to terminate discussions regarding an offer for 100% of the share capital of Tinkoff. Shares down -2.5% premarket. Press release Previously: Yandex +3.7% on reported $5.5B deal for Tinkoff bank (Sept. 22) Source link

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

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

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