Tag Archives: Yandex

Yandex, the internet-focused tech giant, may be carving up its business to protect its international activities. Originally borne in Russia, Yandex has been registered in the Netherlands for more than 10 years, and now the international branch of the company is considering selling up its Russian assets to focus on its non-Russia products and services. … Source link

The Russian search engine company Yandex was once considered the star of the Russian web economy, but then came the Putin regime’s attack on Ukraine. Yandex’s leadership is now trying to save what can be saved and seeks salvation primarily outside of Russia. Yandex has long been referred to as the Russian Google, and that was not only an auxiliary term for the fact that its core business is a search engine but also due to its success and broad portfolio of services. But… 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

Yandex, often referred to as Russia’s Google, is the country’s most prominent Internet company and now wants to move out of the country because of the ongoing Ukrainian invasion. Russia has recently targeted Ukraine’s infrastructure through air strikes, continuing the damage caused to the country and Yandex NV – the parent company – wants to exit Russia because it believes “the Ukraine war could negatively impact its business.” Yandex is widely popular for its search… Source link

Russia’s most prominent tech company, Yandex, has announced steps to move some of its intellectual property out of Putin country and dispose of the rest to local interests. Yandex is a sprawling conglomerate often characterized as Russia’s Google. It started as a search company, then moved into advertising, maps, e-commerce, cloud, and software for self-driving cars. Like its Silicon Valley analogs, Yandex also looked for a more advantageous jurisdiction for its headquarters and picked The… Source link

Russia’s invasion of Ukraine has caused a tsunami of M&A deals as Russia’s private companies scramble to restructure their businesses to account for tectonic changes in the business landscape. It has cost everyone a lot of money as owners have been forced to sell off businesses exposed to sanctions or in many cases the leading lights of Russian industry has been forced… Source link

Russia’s most prominent tech company, Yandex, has announced steps to move some of its intellectual property out of Putin country and dispose of the rest to local interests. Yandex is a sprawling conglomerate often characterized as Russia’s Google. It started as a search company, then moved into advertising, maps, e-commerce, cloud, and software for self-driving cars. Like its Silicon Valley analogs, Yandex also looked for a more advantageous jurisdiction for its headquarters and picked The… Source link

Natalya Maisheva/iStock Editorial via Getty Images The parent firm of Russian technology company Yandex (NASDAQ:YNDX) said on Friday that it would look to restructure the group’s ownership and governance, citing the “current geopolitical environment” amid the country’s war with Ukraine. In a statement, Yandex N.V. (YNDX) said that a special committee had been tasked with exploring a wide range of potential scenarios, including developing international divisions of certain services, such… Source link

Yandex N.V. YNDX, often described as “Russia’s Google,” sought Vladimir Putin’s permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring plan, Financial Times reports. The changes would lead to… Source link