Tag Archives: Yandex

EU countries agreed to remove Arkady Volozh, co-founder of Russia’s most popular search engine Yandex, from the list of sanctions against entities and individuals associated with Russia’s war against Ukraine, Reuters reported on Feb. 21, citing three unnamed sources familiar with the discussions. The EU sanctioned Volozh in June 2022, arguing that his company serves the interests of the Russian government and promotes pro-Kremlin media and narratives, as well as censors content critical of… Source link

The EU has agreed to lift sanctions from Russian tech billionaire Arkady Volozh, Reuters reported Wednesday, citing three sources familiar with the matter.  Volozh co-founded the Russian tech company Yandex and announced his resignation in mid-2022 after being targeted by EU sanctions. In August, his lawyers petitioned the EU for sanctions relief after he became one of the few members of the Russian elite to criticize the war. “I understand that I also share responsibility for… Source link

SCHIPHOL, Netherlands (AP) — SCHIPHOL, Netherlands (AP) — Yandex NV (YNDX) on Thursday reported a loss of $70.5 million in its fourth quarter. The Schiphol, Netherlands-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, were 34 cents per share. Tarek El Moussa’s road out of debt to being a millionaire | Your Wallet The Russian search engine posted revenue of $2.78 billion in the period. For the year, the company reported profit of $221.5… Source link

MOSCOW (Reuters) – Russian search engine giant Yandex on Thursday reported a 53% jump in full-year revenue to 800.1 billion roubles ($8.72 billion), driven by organic growth across the business, from search and advertising to e-commerce and ride-hailing. Yandex’s Nasdaq-listed and Dutch-registered parent, Yandex NV, last week agreed to spin off some assets in a cash and shares deal worth $5.2 billion, a far cry from the company’s value before Moscow sent its army into Ukraine in February… Source link

For the past 25 years, Yandex, arguably Russia’s most innovative company, has struggled to preserve its independence from the Kremlin. The announcement of a planned $5.2-billion deal to sell the company’s Russian businesses to a consortium of investors brought an end to that era, raising questions over not only who will be the company’s true owners, but the future of the company itself. The story of Yandex is an analogy for Russian business during the Putin era. Back in the late… Source link

Yandex (NASDAQ:YNDX – Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, February 14th. Get Yandex alerts: Sign Up Yandex Price Performance Shares of NASDAQ:YNDX remained flat at $18.94 on Tuesday. The company has a fifty day simple moving average of $18.94 and a two-hundred day simple moving average of $18.94. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 19.13 and a beta of 0.89. The company has a quick ratio of 0.82,… Source link

By Alexander Marrow, Darya Korsunskaya and Polina Devitt LONDON (Reuters) – Before Moscow’s invasion of Ukraine two years ago, Russia’s Nasdaq-listed search engine giant Yandex was briefly worth $30 billion. This week, a consortium of domestic investors agreed a deal to buy it for $5.2 billion. In normal times, that would represent a disaster for Dutch parent company Yandex NV and its Western shareholders. But in a world where Western firms have left Russia in droves, sometimes for a nominal… Source link

Tech giant Yandex — dubbed “Russia’s Google” — has agreed to sell its Russian assets to a consortium of investors for $5.2 billion, the biggest corporate exit from the country since the Kremlin’s invasion of Ukraine in 2022. The company, which is registered in the Netherlands but conducts most of its business in Russia, said that the government-backed sale includes 95% of its assets, including the country’s most-popular search engine, a ride-sharing application, and an… Source link

The Dutch parent of top Russian internet search engine Yandex, often called the “Google” of Russia, has sold the business to a special-purpose Russian mutual fund at a heavily discounted $5.2 billion and is pulling out of the country completely. Yandex has no connection to Google or parent company Alphabet. File Photo by Maxim Shipenkov/EPA Feb. 6 (UPI) — The… Source link

By Mariko Oi Business reporter 5 hours ago Image source, Getty Images The owner of Yandex, often referred to as “Russia’s Google”, has said it will pull out of its country of origin. The sale to a consortium of investors means Yandex’s Russian business is now a fully Russian-owned entity. The firm has previously been accused of hiding information about the war in Ukraine from the Russian public. Moscow has welcomed the latest deal which the company said was “the product of an extensive period of… Source link