Tag Archives: Yandex

Yandex Provides Update on Convertible Notes

Yandex Provides Update on Convertible Notes

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / April 29, 2022 / Yandex N.V., a Dutch public limited company and one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today provided an update in relation to its 0.75% Convertible Notes due 2025 (the “Notes”). On February 28, 2022, Nasdaq and the New York Stock Exchange suspended trading in the securities of a number of companies with material operations in Russia, including the… Source link

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Yandex to sell its media division to VKontakte – DatacenterDynamics

Yandex, often considered Russia’s equivalent to Google, has agreed to sell its media arm to VK (VKontakte), the company known as Russia’s Facebook. The news aggregator service Yandex News, and the blogging platform Zen are being sold for undisclosed sums to the social media company, as a result of Russia’s invasion of Ukraine, according to TechCrunch Both platforms have been accused of spreading Russian propaganda and blocking true reporting of the war, putting Yandex at risk of sanctions.

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Yandex signs deal with VK to sell its media products, News and Zen – TechCrunch

Yandex signs deal with VK to sell its media products, News and Zen – TechCrunch

In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link

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Yandex signs deal with VK to sell its media products

Yandex signs deal with VK to sell its media products

In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link

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Russia’s Yandex plunges to Q1 loss, may look at new listing

Russia’s Yandex plunges to Q1 loss, may look at new listing

People walk near the headquarters of Yandex company in Moscow May 23, 2011. The sign reads “Yandex”. REUTERS/Sergei Karpukhin Register now for FREE unlimited access to Reuters.com Register April 27 (Reuters) – Russian internet group Yandex (YNDX.O) plunged to a first-quarter loss and acknowledged on Wednesday that problems started appearing after Moscow sent troops into Ukraine on Feb. 24. The company, whose Nasdaq-listed shares were suspended in February and warned last month it did not have… Source link

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Russia’s Yandex says it has no plans to split up the company

Russia’s Yandex says it has no plans to split up the company

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 Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – Russian internet giant Yandex (YNDX.O) on Tuesday said it has no plans to split the company up, responding to a media report that had said it was looking to divide into a Russian and international division. The Meduza media outlet on Tuesday reported, citing… Source link

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Yandex scales back “many planned investments,” withdraws 2022 financial guidance

Yandex scales back “many planned investments,” withdraws 2022 financial guidance

In the instable environment created by Russia’s war on Ukraine, Yandex’s annual report to the US Security Exchange Commission (SEC) provides details on a range of pressing business issues and potential company risks. The report was issued Thursday by Yandex’s Netherlands-headquartered mother company, which has been listed on the Nasdaq since 2011. After the resignation of one of its top executive in March — Tigran Khudaverdyan, who was designated under EU and UK… Source link

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Russia’s Yandex withdraws 2022 financial guidance, scales back investments

Russia’s Yandex withdraws 2022 financial guidance, scales back investments

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 Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Russian internet giant Yandex (YNDX.O) on Thursday withdrew its 2022 financial forecasts and said it was scaling back planned investments, one of several Russian companies grappling with Moscow’s increasing isolation in the wake of the conflict in Ukraine. Just… Source link

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Trade and Tech Council 2.0 — Google vs. Yandex — Crypto warning – POLITICO

Trade and Tech Council 2.0 — Google vs. Yandex — Crypto warning – POLITICO

Press play to listen to this article POLITICO’s weekly transatlantic tech newsletter for global technology elites and political influencers. By MARK SCOTT Send tips here | Subscribe for free | View in your browser WELCOME BACK, this is Digital Bridge. I’m Mark Scott, POLITICO’s chief technology correspondent, and I’ll be interviewing the European Commission’s Werner Stengg and the White House’s Peter Harrell later today about… Source link

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