FILE PHOTO: The logo of Tinkoff Bank is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov MOSCOW (Reuters) – Russian bank TCS Group Holding TCSq.L on Friday said it had terminated discussions over a possible $5.48 billion sale of its online bank Tinkoff to internet giant Yandex YNDX.O. TCS said the two parties had agreed not to proceed with the cash-and-shares transaction and terminated negotiations immediately, adding… Source link
Read More »Yandex and Tinkoff Group Terminate Discussions Nasdaq:YNDX
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8. OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”). MOSCOW and AMSTERDAM, Oct. 16, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) (“Yandex,” “we” or the “Company”), one of… Source link
Read More »Yandex and Tinkoff Group Terminate Discussions
TipRanks Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P 500 has moved 5.5% higher. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same… Source link
Read More »Yandex N.V. (NASDAQ:YNDX) Shares Could Be 28% Above Their Intrinsic Value Estimate
TipRanks Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P 500 has moved 5.5% higher. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same… Source link
Read More »Tinkov Eyes Rivals For Bank Sale, Despite Agreement with Yandex – Reports
The sale of Tinkoff Bank to Yandex is far from certain, Russian online publication The Bell reported Wednesday, just three weeks after the two companies announced an “agreement in principle” for a $5.5 billion merger. Oleg Tinkov, the owner of the online bank, is also considering other buyers — in particular mobile operator MTS, or its affiliate MTS bank. The Bell, citing financial Telegram channels and unnamed sources, reported that Tinkov has been in discussions with… Source link
Read More »Yandex set to buy Tinkoff Bank in defensive move to boost fintech – AIM Group
[unable to retrieve full-text content]Yandex set to buy Tinkoff Bank in defensive move to boost fintech AIM Group Source link
Read More »Yandex to Announce Third Quarter 2020 Financial Results on October 28th
TipRanks Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P 500 has moved 5.5% higher. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same… Source link
Read More »Yandex vs. Sberbank: Battle of the Russian Tech and Finance Giants Begins
Yandex and Sberbank’s fight to gain control of Russia’s finance and technology industries is being billed as the corporate showdown of the decade. “Sberbank versus Yandex: The battle of the super platforms has begun,” declared Russian business daily Vedomosti last week. Novaya Gazeta went further, dubbing it a “war of the ecosystems.” The clash — which has been brewing in the background for years — took center stage last week when… Source link
Read More »DuckDuckGo not pleased that Bing and Yandex won big in latest Android search choice screen auction
This story was originally published 2020/09/29 7:54am PDTon Sep 29, 2020 and last updated 2020/09/30 10:51am PDTon Sep 30, 2020. Google has announced the winners of this quarter’s auction for default search engine options on Android devices in the Europe. In most of the EEA plus the U.K., users setting up their new phone or tablet starting October 1 will likely have to choose between using Google, Bing, GMX, Info.com, or Yandex. The company has been holding these choice screen Source link
Read More »Yandex: This Everything App Will Face Limits in Vladimir Putin’s Russia
Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia. Read more opinion … Source link
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