Tag Archives: Yandex

Yandex sells its Russian operations to local executives for $5.2 billion

Yandex sells its Russian operations to local executives for $5.2 billion

Yandex, often described as Russia’s Google, has sold its domestic businesses at a knock-down price. Bloomberg reports the search and services giant, now headquartered in the Netherlands, has handed off its Russian operations for 475 billion rubles ($5.2 billion) in cash and shares. The new owners include the management group, as well as Russia’s biggest domestic energy company, Lukoil, and Russian businessman and a former executive at Gazprom, Alexander Ryazanov, among others. Now that… Source link

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Yandex Announces $5.2 bn Russian Divorce

Yandex Announces $5.2 bn Russian Divorce

Technology giant Yandex on Monday announced long-awaited plans to split its Russian and international units in a corporate divorce worth $5.2 billion. The deal marks an end to more than two decades of Western investment in Yandex, which for years was seen as a darling of Russia’s fast-growing tech industry and an example of successful Western investment in Russia. But after Moscow sent troops into Ukraine in February 2022, the company’s status as an internationally headquartered… Source link

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Yandex Strikes Record $5.2 Billion Wartime Deal to Exit Russia

Yandex Strikes Record $5.2 Billion Wartime Deal to Exit Russia

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

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‘Russia’s Google’ Yandex to be sold to domestic investors in $5.2 billion deal

‘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

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Explainer-Why the $5.2 billion sale of Russia’s Yandex is significant

Explainer-Why the $5.2 billion sale of Russia’s Yandex is significant

By Alexander Marrow LONDON (Reuters) – A $5.2 billion cash and share deal to sell the key Russian assets of technology group Yandex, often labelled as “Russia’s Google”, to a consortium of Russian investors was announced on Monday after months of negotiations. Here’s why the deal is significant. RUSSIA’S LARGEST TECH ASSET Moscow has long sought to gain more influence over Yandex, set up in the dotcom boom in the late 1990s, as it became a key player in online services such as search and… Source link

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Yandex NV Strikes $5.2Bln Deal With Russian Investors

Yandex NV Strikes $5.2Bln Deal With Russian Investors

Tech giant Yandex announced Monday it has agreed to sell its Russian assets to a consortium of Russian investors for 475 billion rubles ($5.2 billion). The Amsterdam-based Yandex N.V. had been negotiating a restructuring after Western sanctions over Russia’s war in Ukraine forced Yandex to effectively split into two companies, with one based in Russia and the other in the Netherlands.  “Yandex N.V., the Dutch parent company of the Yandex group… has entered into a definitive… Source link

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Yandex to sell its remaining Russian businesses for $5.2B — half its market value

Yandex to sell its remaining Russian businesses for $5.2B — half its market value

Image Credits: YURI KADOBNOV/AFP / Getty Images Yandex N.V., the Dutch parent company of the eponymous Russian internet giant, is selling the last of its remaining Russian businesses at a steep discount, following geopolitical pressures that emerged from Russia’s invasion of Ukraine two years ago. The value of the transaction, which will include the sale of all Yandex N.V. businesses in Russia and a handful of neighboring markets, will amount to around 475 billion rubles… Source link

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Search engine Yandex to sell Russian operations for $5bn

Search engine Yandex to sell Russian operations for $5bn

Yandex, the company often referred to as “Russia’s Google”, has agreed to sell its operations in the country in a cash-and-shares deal worth Rbs475bn ($5.2bn), as it seeks to secure its future in the aftermath of the war in Ukraine. The sale by Yandex’s Nasdaq-listed, Netherlands-based parent company, announced on Monday, to a consortium of Russian investors will also result in the group spinning off some of its main international projects. The move follows a protracted 18-month… Source link

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Tech Giant Yandex Gets New Russian Owner Ahead of Restructuring

Tech Giant Yandex Gets New Russian Owner Ahead of Restructuring

A Russia-based company has become the legal owner of tech giant Yandex as it prepares to separate from its Dutch parent company, the state-run Interfax news agency reported Tuesday. MKAO Yandex was registered last month in the Kaliningrad region’s Oktyabrsky Island, an offshore zone known as a “special administrative region.” In addition to offering low taxes, the offshore zone allows major Russian companies to repatriate their businesses while avoiding Western sanctions as… Source link

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Yandex Yanked The Pirate Bay From its Search Results? (Updated) * TorrentFreak

Yandex Yanked The Pirate Bay From its Search Results? (Updated) * TorrentFreak

Home > Piracy > Torrent Sites > The Pirate Bay is no longer the leading pirate site on the Internet, but it remains the most censored one. Similar to other search engines, Yandex appears to make it hard to find the notorious torrent site’s official domain name in the top results. The motivation is unclear but other more popular pirate sites remain easy to find. The Pirate Bay and search engines are not a happy marriage recently. On the contrary. For example, we previously reported… Source link

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